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In 1709 Josiah Bacon, a merchant from Bermondsey, left £700 in his will for the purchase of land with which to endow a school. According to the terms of his will, the school was to serve the poor boys of the parish, teaching them reading, writing and arithmetic so that they could be prepared for jobs in trade. The local minister and churchwardens were to be governors of the school. Provision was also made for accommodation for the school-master. The school was constructed on Grange Road by 1718.
In 1849 the school was amalgamated with another charity school in the area, which had been founded in 1612 to provide education for the sons of seamen. In 1991 the school became a City Technology College, with the name Bacon's College, and was moved to Rotherhithe. In 2007 it gained Academy status.