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1006136
star this property registered interest false more like this
star this property date less than 2018-11-13more like thismore than 2018-11-13
star this property answering body
Department for Education more like this
star this property answering dept id 60 more like this
star this property answering dept short name Education more like this
star this property answering dept sort name Education remove filter
star this property hansard heading Further Education: 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, how many colleges are currently subject to a notice to improve financial health; and how many are projected to be subject to such a notice in the next (a) five and (b) 10 years. more like this
star this property tabling member constituency Ashton-under-Lyne more like this
star this property tabling member printed
Angela Rayner more like this
star this property uin 190900 remove filter
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2018-11-19more like thismore than 2018-11-19
star this property answer text <p>There are currently 38 colleges that are subject to a notice to improve for financial health.</p><p>The published response to the insolvency consultation stated that, using data and assumptions available at that time, over the first ten years of the insolvency policy (commences April 2019), an additional 63 colleges could meet the current triggers for a notice.</p><p>The Education and Skills Funding Agency (ESFA) has published an Early Intervention and Prevention strategy, which is available at the following link: <a href="https://www.gov.uk/government/publications/college-funding-early-intervention-and-prevention/early-intervention-strategy" target="_blank">https://www.gov.uk/government/publications/college-funding-early-intervention-and-prevention/early-intervention-strategy</a>. This strategy outlines how the ESFA works with colleges where data shows that they could be at risk of failure.</p><p>In addition, the ESFA is improving and increasing the financial information that it requests from colleges, which will be analysed by integrated expert teams, and is developing a strengthened approach to intervention and prevention approaches in advance of financial crisis.</p><p>The department is also updating improved guidance for college governors, due later this month, to highlight governors’ fiduciary duties. They are in the process of appointing National Leaders of Governance to deliver sector-led support (alongside the National Leaders of Further Education). The Further Education Commissioner’s team has also expanded coverage of ‘diagnostic visits’ to colleges, which also highlight potential issues in advance of crisis, and offer recommendations for support and improvement.</p><p> </p>
star this property answering member constituency Guildford remove filter
star this property answering member printed Anne Milton more like this
star this property question first answered
less than 2018-11-19T16:38:19.547Zmore like thismore than 2018-11-19T16:38:19.547Z
star this property answering member
1523
star this property label Biography information for Anne Milton more like this
unstar this property tabling member
4356
unstar this property label Biography information for Angela Rayner more like this