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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...
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 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...
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...
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:...
Lord Nash: .... On value for money, we have reduced the cost of a school becoming a sponsored secondary academy by almost two-thirds since 2010. The noble Lord, Lord Hunt, asked about the £600 million in the ESG. Efficiency savings in 2016-17 have been done on the basis that all local authorities can reduce spend on ESG functions to the level of the median, based on planned expenditure data reported in...
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...
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: 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...
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...
Baroness Drake: ..., potential vulnerabilities to the sustainability of the scheme which should be properly understood. The Pensions Regulator code of practice strengthened guidance for trustees on consideration of ESG risks, but it is not legally binding and there is no direct penalty for failing to comply. At a recent pensions conference, Andrew Warwick-Thompson, the executive director of the regulator,...
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...
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: Today I am announcing details of schools revenue funding for 2017-18. This announcement includes the Dedicated Schools Grant (DSG), the Education Services Grant (ESG) Transitional Grant 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....
John Pugh: ...away. The demise of the local authority has acute effects. Its statutory functions are barely affordable at the moment, given the pressure on council budgets, but following the phasing out of the ESG, its other strategic functions will be dependent on funding from schools that cannot afford to meet their own costs, let alone to pay back and hire local authority services. Ironically,...
Nick Gibb: ...-unit/schools -national-funding-formula2/. Shape and content of the central school services block Allocation route Previously funded from centrally retained DSG Previously funded from ESG Central school services block per pupil rate School admissions Servicing of schools forums Fees to independent schools for pupils without SEN Education welfare services Asset...
Baroness Anelay of St Johns: ...that trustees should consider long term financially material factors when considering the schemes investment objectives for their members; and where long-term environmental, social or governance (ESG) factors are financially material these should be taken into account.
Lord Nash: ...grant worth £125m in 2017-18. We have also amended regulations to allow local authorities to use other sources of funding to pay for education services for maintained schools once the ESG is removed from September 2017. Local authorities are allowed to retain some of their maintained schools’ Dedicated Schools Grant so that they can continue to deliver the statutory duties they carry...
Baroness Bloomfield of Hinton Waldrist: ...by companies of all sizes. As an advisor to the board of London Pensions Fund Authority, I witnessed at first hand its adherence to the principles of responsible investment, formerly known as ESG—environmental, social and governance. Although returns on investing in infrastructure or housing might in themselves be attractive, equal weight is given to the public good of providing...
Guy Opperman: ...term considerations in mind. This can exclude consideration of options that take account of longer term financial factors, such as those arising from material environmental, social and governance (ESG) risks. We are concerned that some investment decisions may not appropriately take into account longer term financial factors, such as those arising from material environmental, social and...
