The Secretary of State for Education has today allocated £110 million to establish an education endowment fund (EEF) designed to raise standards in underperforming schools.
The EEF will distribute money to local authorities, academy sponsors, charities and other groups that bring forward innovative proposals to improve performance in our most challenging schools. Those bidding for funds from the EEF will have to outline how their proposals will raise attainment.
The announcement comes as Mr Gove hosts a visit from Arne Duncan, US Secretary of Education. Mr Duncan is here to exchange ideas with the UK Government.
Secretary of State for Education, Michael Gove, said:
The international evidence shows that we’re falling behind other countries educationally, and we have one of the most unequal school systems in the developed world. That’s why we need to press ahead with reforms which will raise standards for all children.
This new fund builds on the success of President Obama’s ‘Race to the Top’ scheme. It will make schools and local authorities compete to help the poorest. Combined with our pupil premium, the expansion of the Academy programme, more rigorous exams and tough action to improve discipline, it adds up to a comprehensive package of school improvement.