Department for Education written question – answered on 13th June 2019.

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Photo of Mary Creagh Mary Creagh Chair, Environmental Audit Committee

To ask the Secretary of State for Education, how many multi-academy trusts have collapsed since the introduction of such trusts.

Photo of Nadhim Zahawi Nadhim Zahawi The Parliamentary Under-Secretary of State for Education

The department’s latest records show that no academy trust has collapsed. Where there is a risk to public funds, the Education and Skills Funding Agency (ESFA) will intervene in a proportionate manner to avoid financial issues affecting school provision.

The ESFA has a robust intervention strategy to support an academy trust, which is a company limited by guarantee and subject to company law, to reach a stronger financial position. Intervention actions range from supporting and building trust capacity through to issuing a Financial Notice to Improve, or in the most serious cases, terminating a funding agreement after schools have been transferred to another trust.

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