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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

1078465

registered interest
date	27/02/2019
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, pursuant to the Answer of 6 February 2019 to Question 217588, Academies Enterprise Trust: Finance, how much of the £4.5 million provided to date is non-recoverable; and how much of the £3.06 million used for redundancies is non-recoverable.
tabling member constituency	Manchester Central
tabling member printed	Lucy Powell
uin	226671
answer	answer is ministerial correction date of answer 07/03/2019 answer text <p>£1.2 million of the £4.5 million provided to the Academies Enterprise Trust (AET) was provided as non-recoverable deficit funding. £646,443 of the £3.06 million earmarked for restructuring costs, which will include redundancy payments, was provided as non-recoverable deficit funding. The non-recoverable deficit funding provided has helped stabilise AET’s finances and support its long-term viability. AET is the largest multi-academy trust in the country responsible for over 60 academies and over 33,000 pupils.</p><p> </p> answering member constituency Bognor Regis and Littlehampton answering member printed Nick Gibb question first answered 07/03/2019 17:53:44 answering member 111 label Biography information for Nick Gibb previous answer version 105340 answering member constituency Bognor Regis and Littlehampton answering member printed Nick Gibb answering member 111 label Biography information for Nick Gibb
tabling member	4263 label Biography information for Lucy Powell

1055962

registered interest
date	06/02/2019
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, if he will publish details of the financial turnaround plan agreed between his Department, the Education and Skills Funding Agency (ESFA) and the Academies Enterprise Trust (AET), including (a) how much public money provided by the ESFA has been earmarked to fund AET staff redundancy costs, (b) whether interest is being charged on any grants or loans to AET, (c) the loan repayment schedule for any such grants or loans, (d) financial savings AET is forecast to make while the plan is implemented and (e) whether the plan includes arrangements for outsourcing any AET staff.
tabling member constituency	Manchester Central
tabling member printed	Lucy Powell
uin	217588
answer	answer is ministerial correction date of answer 12/02/2019 answer text <p>Where trusts face financial difficulty, the Education and Skills Funding Agency (ESFA) may provide additional funding to protect the education of children. Interest is not charged on the revenue funding provided to trusts by the ESFA for these purposes.</p><p>The ESFA has agreed to provide up to £16.1 million in recoverable and non-recoverable deficit funding to support the turnaround plan of the Academies Enterprise Trust (AET), covering 2017-18 to 2020-21. AET is the largest academy trust in the country, responsible for over 60 academies. To date, we have provided £4.5 million, of which £3.06 million has been earmarked for restructuring costs, which will include redundancy payments. A repayment schedule for the recoverable funding has been agreed with AET and is due to commence in the 2019-20 academic year, subject to their ability to pay.</p><p>The ESFA is continuing to work with AET as it reviews the scope for financial efficiency; these plans are still under development. The Department is not aware of any plans for outsourcing AET staff.</p> answering member constituency Bognor Regis and Littlehampton answering member printed Nick Gibb question first answered 12/02/2019 11:35:47 answering member 111 label Biography information for Nick Gibb previous answer version 101136 answering member constituency Bognor Regis and Littlehampton answering member printed Nick Gibb answering member 111 label Biography information for Nick Gibb
tabling member	4263 label Biography information for Lucy Powell