Academies Enterprise Trust: Finance

Department for Education written question – answered on 7th March 2019.

Alert me about debates like this

Photo of Lucy Powell Lucy Powell Labour/Co-operative, Manchester Central

To ask the Secretary of State for Education, pursuant to the Answer of 6 February 2019 to Question 217588, Academies Enterprise Trust: Finance, how much of the £4.5 million provided to date is non-recoverable; and how much of the £3.06 million used for redundancies is non-recoverable.

Photo of Nick Gibb Nick Gibb Minister of State (Education)

Holding answer received on 04 March 2019

£1.2 million of the £4.5 million provided to the Academies Enterprise Trust (AET) was provided as non-recoverable deficit funding. £646,443 of the £3.06 million earmarked for restructuring costs, which will include redundancy payments, was provided as non-recoverable deficit funding. The non-recoverable deficit funding provided has helped stabilise AET’s finances and support its long-term viability. AET is the largest multi-academy trust in the country responsible for over 60 academies and over 33,000 pupils.

Does this answer the above question?

Yes0 people think so

No3 people think not

Would you like to ask a question like this yourself? Use our Freedom of Information site.