Academies: Finance

Department for Education written question – answered on 24th June 2019.

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

To ask the Secretary of State for Education, what criteria (a) his Department and the Education and (b) the Skills Funding Agency use to assess the allocation of funding to academy trusts to protect the provision of education.

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

To ask the Secretary of State for Education, what assessment criteria is used by (a) his Department and (b) the Education and Skills Funding Agency to ascertain whether additional funding to protect the education of children is deemed (a) recoverable and (b) non-recoverable.

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

The Education and Skills Funding Agency (ESFA) has a robust intervention strategy that fits within the overall academy accountability framework. Intervention is always proportionate, risk-based and built on funding agreement and academies financial handbook non-compliance.

Where the ESFA intervenes, we work with each trust to put in place a recovery process that underpins education provision with strong financial management and oversight. This can include the provision of funding, issuing a Financial Notice to Improve or, in the most serious cases, termination of the Funding Agreement.

Where the provision of funding is considered, this will be done on a case-by case basis, as part of our intervention with the trust.

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