Academies

(asked on 5th March 2018) - View Source

Question to the Department for Education:

To ask the Secretary of State for Education, what number and proportion of academy schools have received a financial notice to improve in each of the last five years.


Answered by
Nadhim Zahawi Portrait
Nadhim Zahawi
This question was answered on 13th March 2018

Academy trust accountability is founded on a clear framework communicated and regulated by the Education and Skills Funding Agency (ESFA), with effective oversight and compliance based on proportionate risk assessment, and robust intervention when concerns arise.

The ESFA works with trusts to prevent financial instability and enable them to recover their financial position and return to stable governance. When we intervene, we publish financial notices to improve (FNtI) and investigation reports to be transparent and so that lessons can be learned. The sector remains in a strong position, with just over 1 per cent of academy trusts subject to an active FNtI.

Published FNtIs are available at: https://www.gov.uk/government/collections/academies-financial-notices-to-improve.

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