Academies: Standards

(asked on 6th January 2017) - View Source

Question to the Department for Education:

To ask the Secretary of State for Education, what academy trusts failed to comply with the terms of a financial notice to improve in each year since 2010.


Answered by
Edward Timpson Portrait
Edward Timpson
This question was answered on 11th January 2017

Financial Notices to Improve (FNtIs) are issued in response to severe financial management and governance issues in academy trusts. It is the responsibility of academy trusts to address the issues, however, the EFA works closely with trusts to monitor compliance with the terms set out in FNtIs and has a clear and robust strategy for intervention that ensures appropriate and proportionate action is taken swiftly.

Of the 53 FNtIs issued since 2012, 11 have been lifted because conditions have been met and the issues identified have been resolved.

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