|
<p>Our latest records show that no academy trust has gone into administration. Where there is a risk to public funds, the Education and Skills Funding Agency (ESFA) will intervene in a proportionate manner to avoid financial issues affecting school provision.</p><p> </p><p>The ESFA has a robust intervention strategy to support an academy trust, which is a company limited by guarantee and subject to company law, to reach a stronger financial position. Intervention actions range from supporting and building trust capacity through to issuing a Financial Notice to Improve, or in the most serious cases, terminating a funding agreement, after schools have been transferred to another trust.</p><p> </p> |