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Nick Gibb: As announced at the Spending Review, we plan to save £600m from the Education Services Grant (ESG) by phasing out the general funding rate from 2017-18. Local authorities will continue to receive ESG funding in 2016-17. They will also receive transitional ESG funding from April 2017 to August 2017 inclusive. We recognise that local authorities, including Warrington Borough Council, will...
Nick Gibb: As announced at the Spending Review, we plan to save £600m from the Education Services Grant (ESG) by phasing out the general funding rate from 2017-18. Local authorities will continue to receive ESG funding in 2016-17. They will also receive transitional ESG funding from April 2017 to August 2017 inclusive. We recognise that local authorities, including Newham Borough Council, will need...
Lord Young of Cookham: ...risks should feature in the way she described, but I remain to be persuaded that it needs to be included in the Bill. There are a number of reasons why. The current regulatory framework allows for ESG—environmental, social and governance—issues to be taken into account. TPR guidance makes it clear that trustees should take into account long-term financial sustainability in their...
Nick Gibb: The main revenue funding allocations from this department to schools and local authorities comprise the dedicated schools grant (DSG), pupil premium, education services grant (ESG), universal infant free school meals (UIFSM), PE & Sport premium and Year 7 catch-up grant. Details of these allocations to all schools or local authorities for financial or academic years 2010 to 2017 (dependent...
Sam Gyimah: The Education Services Grant (ESG) is unringfenced and local authorities therefore have complete discretion on how to spend this funding. The Department for Education has previously set out a list of activities that the grant is intended to fund, which can be found online here: https://www.gov.uk/government/uploads/system/uploads/attachm ent_data/file/335723/ESG_AnnexA_reformatted.pdf Local...
Sam Gyimah: Today I am announcing details of school revenue funding for 2016 to 2017. My announcement includes the Dedicated Schools Grant (DSG) the Education Services Grant (ESG) and the Pupil Premium. The distribution of the DSG to local authorities will continue to be set out in three spending blocks for each authority: a schools block, a high needs block and an early years block. The schools block...
Sam Gyimah: Savings of £600 million will be made by reducing the Education Services Grant (ESG), including phasing out the additional funding that goes to schools and local authorities. We will be making a small efficiency saving (around £80 million) from the ESG in 2016-17, and will be setting out our proposals for savings from 2017-18 in the New Year. This will include consulting on the details of...
Baroness Pinnock: ...to be welcomed in these times, we should not over-egg the sums involved. The second interesting thing is that the Government intend to recoup costs from the maintained schools for the loss of the ESG at local authority level. That clearly reduces even further the amount of money the maintained sector has to invest in the learning of the children in its care. Departmental budgets have yet...
Sam Gyimah: ...figures. The main revenue funding allocations from this department to local authorities are made up of the dedicated schools grant (DSG), pupil premium, and education services grant (ESG). Details of these allocations to all local authorities for financial years 2011 to 2016 (from 2013 only for ESG), including those in the West Midlands, can be found at the links below:...
Grant Shapps: DFID takes any allegation of mistreatment seriously and where there is firm evidence of abuse we will take immediate action. Assessing the environmental, social and governance (ESG) safeguard standards is critical for investments in private entities. In this case, we reviewed the systems that our intermediary put in place to assess the standards and practices of their investment. Our initial...
Lord Aberdare: .... So the announcement later that month that funding for the year to March 2016 would be increased by £18 million, with £17 million of that going to hubs, was excellent news, especially as the ESG proposal was dropped at the same time. The Government deserve warm congratulations on this, at least as far as it goes. However, there remain some important questions. How and when will the £75...
David Laws: I am today announcing the rates of the education services grant (ESG) in 2015-16. The Chancellor announced in June 2013 that the Government would reduce the ESG by around £200 million in 2015-16. These savings help the Government to protect front-line budgets including the dedicated schools grant and the pupil premium. We recognised in June 2013 that this reduction to ESG might require some...
Lord Nash: ...Friend Minister of State for Schools (David Laws MP) made the following announcement: I am announcing today the launch of a public consultation on savings to the Education Services Grant (ESG) for 2015-16. Local authorities are responsible for providing the schools they maintain with services to support education, such as: school improvement and education welfare services. Academies are...
David Laws: I am announcing today the launch of a public consultation on savings to the education services grant (ESG) for 2015-16. Local authorities are responsible for providing the schools they maintain with services to support education, such as school improvement and education welfare services. Academies are responsible for the provision of these services for their pupils. The ESG was introduced in...
Lord Nash: ...2011 report on education capital. I am also announcing the government’s main school funding allocations for 2014-15 through the Dedicated Schools Grant (DSG) and the Education Services Grant (ESG). This government’s overriding priority for capital investment is to ensure every child has a place at school. Demographic pressures have put strain on schools in many parts of the country....
Michael Gove: ...2011 report on education capital. I am also announcing the Government’s main school funding allocations for 2014-15 through the dedicated schools grant (DSG) and the education services grant (ESG). This Government’s overriding priority for capital investment is to ensure every child has a place at school. Demographic pressures have put strain on schools in many parts of the country....
Steve Webb: ...Law Commission has consulted on this. Its interim conclusion is that fiduciaries should look at longer-term issues, and it is legitimate for them to look at environmental, social and governance—ESG—issues. The Government are therefore considering what the fiduciary duty on trustees means and how far we can deal with it through a better understanding of that work. One of the issues that...
Mark Hoban: ...1.54 Newcastle College Group 1.29 Avanta Enterprise Ltd 2.20 EOS-Works Ltd 2.39 Maximus Employment UK Ltd 1.64 Prospects Services Ltd 0.09 G4S 2.26 Rehab Jobfit 0.79 ESG 1.77 Notes: 1. Figures are given to two decimal places. 2. Job outcomes: The Work programme IT payment system update went live in April 2012. All outcomes prior to this were recorded...
Steve Webb: ...670 1,780 1,770 Pertemps 14,210 1,170 2,320 2,070 1,960 1,580 1,610 1,700 1,780 Coventry, Warwickshire, Staffordshire, Manchester ESG 10,710 310 2,350 1,490 1,240 1,150 1,370 1,370 1,410 Serco Ltd 10,880 330 2,450 1,450 1,270 1,190 1,360 1,440 1,390 ...
...to the Stewardship Code taken by relevant authorised persons, and (c) high standards of responsible ownership, including in relation to the management of environmental, social and governance (ESG) risks and opportunities.’. The amendment is about guidance on the objectives. Proposed new section 1K of the Financial Services and Markets Act 2000 states: “The general guidance given by the...
