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1133341
star this property registered interest false more like this
star this property date less than 2019-06-19more like thismore than 2019-06-19
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 remove filter
star this property answering dept sort name Education more like this
star this property hansard heading Academies Enterprise Trust: Finance remove filter
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 T o ask the Secretary of State for Education, what criteria the Education and Skills Funding Agency used to assess the amount of funding required to support the Academies Enterprise Trust. more like this
star this property tabling member constituency Manchester Central more like this
star this property tabling member printed
Lucy Powell more like this
unstar this property uin 266827 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2019-06-24more like thismore than 2019-06-24
star this property answer text <p>A new Chair and CEO were appointed to the Academies Enterprise Trust during 2016-17 and they presented a comprehensive improvement plan to the department in early 2017. This plan was assessed by the Education and Skills Funding Agency to put in place a recovery process that underpinned education provision with strong financial management and oversight. This included improving governance of the trust, restructuring of central service teams, stronger financial and budgeting controls, reshaping school improvement structures and impact on educational outcomes. As a result of this assessment and supported by the National Schools Commissioner, additional funding was provided to the Trust<strong>.</strong></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 2019-06-24T15:49:54.517Zmore like thismore than 2019-06-24T15:49:54.517Z
star this property answering member
4113
star this property label Biography information for Nadhim Zahawi more like this
star this property tabling member
4263
unstar this property label Biography information for Lucy Powell more like this
1132835
star this property registered interest false more like this
star this property date less than 2019-06-18more like thismore than 2019-06-18
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 remove filter
star this property answering dept sort name Education more like this
star this property hansard heading Academies Enterprise Trust: Finance remove filter
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 the £3.58 million recoverable funding in 2016-17 and 2017-18 allocated to Academies Enterprise Trust has funded. more like this
star this property tabling member constituency Manchester Central more like this
star this property tabling member printed
Lucy Powell more like this
unstar this property uin 266162 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2019-06-24more like thismore than 2019-06-24
star this property answer text <p>The department can confirm that Academies Enterprise Trust (AET) used their funding in 2016-17 and 2017-18 for administration costs, such as the £930,000 non-recoverable funding being spent for central office staff redundancies and project management costs to transfer 4 academies to other academy trusts. The £3.58 million recoverable funding was spent towards academy level restructuring to reduce operational costs and support the trust’s reserves following the financial impact of transferring Cordeaux, Millbrook, Swallow Hill and Everest academies out of AET, and closing down Sandown Bay.</p><p>As a result of these restructurings, we expect AET to achieve an operational surplus in the financial year ending 31 August 2019.</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 grouped question UIN 266161 more like this
star this property question first answered
less than 2019-06-24T14:56:48.107Zmore like thismore than 2019-06-24T14:56:48.107Z
star this property answering member
4113
star this property label Biography information for Nadhim Zahawi more like this
star this property tabling member
4263
unstar this property label Biography information for Lucy Powell more like this
1132833
star this property registered interest false more like this
star this property date less than 2019-06-18more like thismore than 2019-06-18
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 remove filter
star this property answering dept sort name Education more like this
star this property hansard heading Academies Enterprise Trust: Finance remove filter
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, where the £930, 000 of non-recoverable funding in 2016-17 and 2017-18 for Academies Enterprise Trust has been allocated. more like this
star this property tabling member constituency Manchester Central more like this
star this property tabling member printed
Lucy Powell more like this
unstar this property uin 266161 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2019-06-24more like thismore than 2019-06-24
star this property answer text <p>The department can confirm that Academies Enterprise Trust (AET) used their funding in 2016-17 and 2017-18 for administration costs, such as the £930,000 non-recoverable funding being spent for central office staff redundancies and project management costs to transfer 4 academies to other academy trusts. The £3.58 million recoverable funding was spent towards academy level restructuring to reduce operational costs and support the trust’s reserves following the financial impact of transferring Cordeaux, Millbrook, Swallow Hill and Everest academies out of AET, and closing down Sandown Bay.</p><p>As a result of these restructurings, we expect AET to achieve an operational surplus in the financial year ending 31 August 2019.</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 grouped question UIN 266162 more like this
star this property question first answered
less than 2019-06-24T14:56:48.06Zmore like thismore than 2019-06-24T14:56:48.06Z
star this property answering member
4113
star this property label Biography information for Nadhim Zahawi more like this
star this property tabling member
4263
unstar this property label Biography information for Lucy Powell more like this