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1002594
star this property registered interest false more like this
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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 more like this
star this property hansard heading Academies: Finance more like this
star this property house id 1 remove filter
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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 more like this
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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
star this property date of answer remove maximum value filtermore like thisremove minimum value filter
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
unstar this property answering member constituency Stratford-on-Avon more like this
star this property answering member printed Nadhim Zahawi more like this
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remove filter
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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