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<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>
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