Academies: Finance

Education written question – answered at on 26 March 2013.

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Photo of John Healey John Healey Labour, Wentworth and Dearne

To ask the Secretary of State for Education what the duties of the Education Funding Agency are in relation to monitoring academies' funding agreements.

Photo of David Laws David Laws The Minister of State, Cabinet Office, The Minister for Schools

The duties of the Education Funding Agency (EFA) in relation to academies' funding agreements are to provide assurance over the proper use of public funds provided by the EFA through financial assurance undertaken by the EFA itself, or by others. The EFA is also responsible for compliance with the funding agreement by academies and it investigates alleged breaches of the funding agreement, except where they relate to educational matters or where another statutory body is responsible.

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