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1133341

registered interest
date	19/06/2019
answering body	Department for Education
answering dept id	60
answering dept short name	Education
answering dept sort name	Education
hansard heading	Academies Enterprise Trust: Finance
house id	1
legislature	25259 pref label House of Commons
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.
tabling member constituency	Manchester Central
tabling member printed	Lucy Powell
uin	266827
answer	answer is ministerial correction date of answer 24/06/2019 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> answering member constituency Stratford-on-Avon answering member printed Nadhim Zahawi question first answered 24/06/2019 15:49:54 answering member 4113 label Biography information for Nadhim Zahawi
tabling member	4263 label Biography information for Lucy Powell

1132833

registered interest
date	18/06/2019
answering body	Department for Education
answering dept id	60
answering dept short name	Education
answering dept sort name	Education
hansard heading	Academies Enterprise Trust: Finance
house id	1
legislature	25259 pref label House of Commons
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.
tabling member constituency	Manchester Central
tabling member printed	Lucy Powell
uin	266161
answer	answer is ministerial correction date of answer 24/06/2019 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> answering member constituency Stratford-on-Avon answering member printed Nadhim Zahawi grouped question UIN 266162 question first answered 24/06/2019 14:56:48 answering member 4113 label Biography information for Nadhim Zahawi
tabling member	4263 label Biography information for Lucy Powell

1132835

registered interest
date	18/06/2019
answering body	Department for Education
answering dept id	60
answering dept short name	Education
answering dept sort name	Education
hansard heading	Academies Enterprise Trust: Finance
house id	1
legislature	25259 pref label House of Commons
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.
tabling member constituency	Manchester Central
tabling member printed	Lucy Powell
uin	266162
answer	answer is ministerial correction date of answer 24/06/2019 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> answering member constituency Stratford-on-Avon answering member printed Nadhim Zahawi grouped question UIN 266161 question first answered 24/06/2019 14:56:48 answering member 4113 label Biography information for Nadhim Zahawi
tabling member	4263 label Biography information for Lucy Powell