Academies Enterprise Trust

(asked on 19th June 2019) - View Source

Question to the Department for Education:

To ask the Secretary of State for Education, what the annual top slice has been for each school in the Academies Enterprise Trust multi-academy trust (a) in total, (b) for operating costs, (c) for school improvement and (d) for efficiency savings in each year since the trust was founded.


Answered by
Nadhim Zahawi Portrait
Nadhim Zahawi
This question was answered on 28th June 2019

Academies Enterprise Trust (AET) is responsible for over 60 schools and over 33,000 pupils.

The department can confirm that AET takes a 5% annual top slice. In 2017-18, this was £9.1 million to cover the cost of centralised services such as human resources, estates and facilities, educational support, legal, financial and IT services. This information is included in the Trust’s annual financial statment and further information can be found at:

https://beta.companieshouse.gov.uk/company/06625091/filing-history?page=1.

The annual top slice is used by academy trusts to pool funding for services to its academies for which an individual academy would otherwise be responsible. The level of top slice will vary from trust to trust depending on the services provided.

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