Question to the Department for Education:

To ask the Secretary of State for Education, what steps she is taking to ensure value for money for funding from her Department to support multi-academy trusts with financial issues.

The government is delivering on its manifesto commitment by legislating to introduce Ofsted inspection of academy trusts to help drive better outcomes for children and provide greater confidence for parents. Robust financial oversight is crucial to achieving a strong school system and trust inspections will look at whether trusts are using their resources efficiently and strategically to support high quality education. This will provide families clear and independent assurance about the strength of the trust responsible for their child’s academy.

We know there is excellent practice across the sector, with schools and trusts proactively finding ways to secure better value from their resources. The department’s Maximising Value for Pupils programme helps schools seize opportunities to maximise value in four key areas: commercial spend, assets, including reserves, workforce deployment, and developing capabilities, including digital and technology.

Where an academy trust is facing financial difficulties, the department offers practical advice and guidance covering financial management, educational performance, and governance. Where failings in financial management or governance are identified, the department can take robust action to drive the required improvement, for example through issuing a Financial Notice to Improve. We may also commission a School Resource Management Adviser to provide additional specialist advice where required.