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<p>The department’s latest records show that no academy trust has collapsed. Where
there is a risk to public funds, the Education and Skills Funding Agency (ESFA) will
intervene in a proportionate manner to avoid financial issues affecting school provision.</p><p>The
ESFA has a robust intervention strategy to support an academy trust, which is a company
limited by guarantee and subject to company law, to reach a stronger financial position.
Intervention actions range from supporting and building trust capacity through to
issuing a Financial Notice to Improve, or in the most serious cases, terminating a
funding agreement after schools have been transferred to another trust.</p><p> </p>
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