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registered interest false more like this
date less than 2019-06-11more like thismore than 2019-06-11
answering body
Department for Education more like this
answering dept id 60 more like this
answering dept short name Education more like this
answering dept sort name Education more like this
hansard heading Academies: Finance more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Secretary of State for Education, if he will list for each multi-academy trust that has had deficit funding approved (a) the amount of funding approved, (b) whether it is linked to a financial turnaround plan, (c) the period it covers, (d) the date on which it was approved by the Education and Skills Funding Agency or the Department and (e) the amount that is recoverable and non-recoverable in each case. more like this
tabling member constituency Manchester Central more like this
tabling member printed
Lucy Powell more like this
uin 263155 more like this
answer
answer
is ministerial correction false remove filter
date of answer less than 2019-06-17more like thismore than 2019-06-17
answer text <p>Academy trusts have primary responsibility for their own financial affairs and where the Education and Skills Funding Agency intervene, we work with each trust to put in place a recovery process that underpins education provision with strong financial management and oversight. This can include the provision of deficit funding, issuing a financial notice to improve or, in the most serious cases, termination of the Funding Agreement.</p><p>Where we have provided deficit funding as part of this process, this information is reflected in trusts’ accounts. Attached is a document setting out deficit funding information for the most recent year available, financial year 2017-18. The department records deficit funding by the academy that funding is associated with and this is also reflected in the attached document.</p><p>As of March 2018, the total number of academies for which deficit funding was agreed in financial year 2017-18, reflects less than 1% of all open academies, and less than 0.2% of the total funding allocated to academies for the 2017-18 academic year.</p>
answering member constituency Stratford-on-Avon more like this
answering member printed Nadhim Zahawi more like this
question first answered
less than 2019-06-17T15:22:37.6Zmore like thismore than 2019-06-17T15:22:37.6Z
answering member
4113
label Biography information for Nadhim Zahawi more like this
attachment
1
file name 263155_Academy_deficit_funding.pdf remove filter
title 263155_table more like this
tabling member
4263
label Biography information for Lucy Powell more like this