Schools: Risk Management
(asked on 1st December 2017) - View Source
Question to the Department for Education:
To ask the Secretary of State for Education, pursuant to Answer of 1 December 2017 to Question 114844, how many schools have claimed under the risk protection arrangement scheme; and what the (a) average and (b) total cost was to the public purse of those claims.
This question was answered on 11th December 2017
As at 31 October 2017, 1641 academies have claimed under the risk protection arrangement. The average cost per claim is £11,698.23 with the lowest claim being £10 and the highest being £3.6 million. The total cost currently estimated at £42,944,218.77. Please note, where a claim is open, we have used the latest estimate for the ultimate cost of the claim.