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1002595
star this property registered interest false more like this
star this property date less than 2018-11-06more like thismore than 2018-11-06
star this property answering body
Department for Education more like this
star this property answering dept id 60 remove filter
unstar this property answering dept short name Education more like this
star this property answering dept sort name Education more like this
star this property hansard heading Academies more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Secretary of State for Education, what his Department’s policy is on (a) the provision for schools of (a) financial and (b) other information on a multi-academy trust that they are due to join and (b) whether having been provided with that information those schools should have the opportunity to review their decision; and if he will make a statement. more like this
star this property tabling member constituency Ashton-under-Lyne remove filter
star this property tabling member printed
Angela Rayner more like this
star this property uin 188840 more like this
star this property answer
answer
star this property is ministerial correction false more like this
unstar this property date of answer remove maximum value filtermore like thismore than 2018-11-15
star this property answer text <p>The department makes a range of information publicly available for schools and other interested parties. Information on the finances of the multi-academy trust (MAT) they intend to join is available through the schools financial benchmarking tool, found here:</p><p><a href="https://schools-financial-benchmarking.service.gov.uk/" target="_blank">https://schools-financial-benchmarking.service.gov.uk/</a>.</p><p>Information on the people involved in the governance of the trust is available, from either the trust’s own website, or the Get Information about Schools website here:</p><p><a href="https://get-information-schools.service.gov.uk/" target="_blank">https://get-information-schools.service.gov.uk/</a>.</p><p>The department encourages Governing Bodies to consider this information before applying to become an academy.</p><p> </p><p>In addition, where a school is applying for an academy order to become an academy and join a trust, the Regional Schools Commissioner (RSC) will consider the financial health of the school and the MAT the school is joining as part of a robust assessment of the ability of the MAT to run the school. The Governing Body of a maintained school can decide not to proceed with conversion before an academy funding agreement is entered into.</p><p> </p><p>There are different arrangements when a school is directed to become an academy. In this situation, the RSC, with advice from their Headteacher Board, identifies an approved sponsor to run the school. The finances of the school, MAT and the MATs ability to run and improve the school are key elements that inform the decision. The sponsor is however under a duty to communicate their plans to improve the school to parents.</p><p> </p>
star this property answering member constituency Stratford-on-Avon more like this
star this property answering member printed Nadhim Zahawi more like this
star this property question first answered
less than 2018-11-15T15:08:18.297Zmore like thismore than 2018-11-15T15:08:18.297Z
star this property answering member
4113
star this property label Biography information for Nadhim Zahawi more like this
star this property tabling member
4356
star this property label Biography information for Angela Rayner more like this
1002594
star this property registered interest false more like this
star this property date less than 2018-11-06more like thismore than 2018-11-06
star this property answering body
Department for Education more like this
star this property answering dept id 60 remove filter
unstar this property answering dept short name Education more like this
star this property answering dept sort name Education more like this
star this property hansard heading Academies: Finance more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Secretary of State for Education, what his Department’s policy is on the period in which a multi-academy trust must repay advances made by the Education and Skills Funding Agency; and if he will make a statement. more like this
star this property tabling member constituency Ashton-under-Lyne remove filter
star this property tabling member printed
Angela Rayner more like this
star this property uin 188839 more like this
star this property answer
answer
star this property is ministerial correction false more like this
unstar this property date of answer remove maximum value filtermore like thismore than 2018-11-15
star this property answer text <p>An advance to an academy trust is an early payment on its General Annual Grant, which is allocated to the trust for that year. It is not additional funding for the trust. With each advance, there will be a mutually agreed schedule of monthly reductions to offset the advance.</p><p> </p><p>The department continues to work with the sector to build capacity and expertise in financial management and support effective school resource management with specialist advisers, three year financial forecasting and developing buying hubs and national deals for all schools. Where an academy trust requires additional support, the Education and Skills Funding Agency will work with the trust to build its capacity and help it reach a stronger position.</p><p> </p> more like this
star this property answering member constituency Stratford-on-Avon more like this
star this property answering member printed Nadhim Zahawi more like this
star this property question first answered
less than 2018-11-15T14:33:15.243Zmore like thismore than 2018-11-15T14:33:15.243Z
star this property answering member
4113
star this property label Biography information for Nadhim Zahawi more like this
star this property tabling member
4356
star this property label Biography information for Angela Rayner more like this