Academies: compliance, funding and payments

Information to help open academies and academy trusts comply with their funding agreement and understand their funding and payments.

ESFA is accountable for distributing £61 billion to the education and training sector and providing assurance that public funds are properly spent.

We work closely with the Regional Schools Commissioners and other bodies to ensure a joined-up approach to assessing education, financial management and governance performance.

Our risk-based approach to academies intervention ensures compliance with funding agreements and the Academy Trust Handbook

We also lead the department’s supportive programme to encourage excellent school resource management. This includes a range of tools and resources supporting:

  • effective curriculum and workforce planning
  • using data and insight to monitor and improve financial performance
  • commercial deals available to schools

General information

Information to help academies and academy trusts with business-cycle planning.

Academies financial management and governance

Information to help academies understand and comply with their financial management and governance requirements.

Academies financial returns

Support for academy trusts

Revenue funding and payments

Information to help academies how much revenue funding they will receive and when payments are made.

Academies compliance

Information to help academies comply with other aspects of their funding agreements. Reports, letters and notices to improve are in a separate collection.

New academies information

This section contains information for new academies to help them understand the role of Education Funding Agency and what is expected from academies.

Capital funding and estate management

Updates to this page

Published 11 March 2014
Last updated 1 September 2021 + show all updates
  1. We have refreshed this collection to provide a more comprehensive list of GOV.UK pages to support academies and academy trusts.

  2. Updated to add a link to the new "view my financial insights" service for academy trusts.

  3. Updated to add more content.

  4. Added four documents to the collection: Academy trusts: themes arising from ESFA's assurance work; Academy trust financial management good practice guides; Academy trusts: information for new trusts; Related party transactions: information for academy trusts

  5. Added additional funding and compliance items.

  6. Added academies risk protection arrangement to the collection.

  7. First published.