Inspired Learning Group is acquiring St Francis School in Pewsey, Wiltshire, from the Hayfran Trust.
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The headteacher of St Swithun's School has told the BBC that a ban on smartphone use by its pupils in Years 7 to 11 has proved successful with the children becoming "more sociable".
Independent schools will be able to claim back the tax they have paid on capital projects such as buildings and land acquisition completed over the past 10 years once they have registered for VAT.