Academies Enterprise Trust: 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

T o ask the Secretary of State for Education, what criteria the Education and Skills Funding Agency used to assess the amount of funding required to support the Academies Enterprise Trust.

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

A new Chair and CEO were appointed to the Academies Enterprise Trust during 2016-17 and they presented a comprehensive improvement plan to the department in early 2017. This plan was assessed by the Education and Skills Funding Agency to put in place a recovery process that underpinned education provision with strong financial management and oversight. This included improving governance of the trust, restructuring of central service teams, stronger financial and budgeting controls, reshaping school improvement structures and impact on educational outcomes. As a result of this assessment and supported by the National Schools Commissioner, additional funding was provided to the Trust.

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