Question to the Department for Education:
To ask Her Majesty’s Government what support they make available for stand-alone academies facing budget deficits and the possibility of becoming bankrupt.
Academy trusts are required to set balanced budgets each year, and it is the trustees’ responsibility to manage the funding for their school effectively and appropriately.
Where stand-alone academy trusts are facing genuine financial difficulties, there are a number of ways they can access support to help them return to financial stability. These include: