History of the London School of Economics
The history of the London School of Economics dates from 1895, when the School was founded by Fabian Society members Sidney and Beatrice Webb, Graham Wallas, and George Bernard Shaw, with funding provided by private philanthropy, including a bequest of £20,000 from Henry Hunt Hutchinson to the Fabian Society.
London Academy
Formerly "Edgware School", it opened as the London Academy in September 2004. The London Academy was one of 5 DfES Academies opened in 2004. Academies are all-ability schools established with sponsorship from business, faith or voluntary groups. The first 3 opened in 2002, and 9 more in 2003. Sponsorship of £1.5 million was provided by the chairman of a venture capital company, Peter Shalson. Money was also raised by resale of part of the old site.