The announcement comes as the Cabinet prepares to meet at an academy for a special meeting.
At the time of the last general election, there were 203 academies but they were all secondary schools.
There are now 2,456 academies, and further 823 in the pipeline. Of the new academies, 333 were formerly failing primary or secondary schools.
Ministers want to spend up to £10 million to develop new sponsor links.
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Theresa May has welcomed passage of her flagship EU Withdrawal Bill through Parliament.
It comes after a report found more than 450 patients had their lives shortened after being prescribed powerful painkillers.
“We’re going to keep families together and the border is going to be just as tough as it’s been,” the president told the crowd.