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Prising the lid off ‘Britain’s biggest property start-up’

DfE’s secretive property-buying vehicle allowed to ignore public-sector pay cap

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It has a £2 billion budget and calls itself “Britain’s biggest property start-up”, with a remit to find and buy hundreds of free-school sites. But very little is known about the Department for Education’s arm’s-length body, LocatED, even though it was set up nearly a year ago and was operating in shadow form for at least a year prior to that.

Obtaining information about LocatED is challenging. But Tes has discovered that “pay flexibility” for the people it employs was a major reason for setting up LocatED as an external body, as set out in the DfE’s business case for the organisation, which ...

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