Financial support for academy trusts in financial difficulty
Information about financial support for academy trusts with financial concerns.
Applies to England
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ESFA understands there are times when some trusts will need support when they face financial difficulty. ESFA are providing more information about how it can support trusts, by partnering with us, to manage these circumstances and to be able to continue to operate and deliver for pupils. The support offered may include providing financial support in some cases.
This information explains the ESFA procedure for considering financial support for academy trusts when they are experiencing financial difficulty. The information aims to give greater clarity about:
- categories ESFA has for the use of financial support
- the circumstances in which ESFA may provide financial support and its repayment terms
- the criteria against which ESFA assesses academy trusts requesting financial support
- the conditions to ensure financial support is managed effectively
- when ESFA would intervene to address financial management concerns
ESFA works closely with Regional Directors to find the most appropriate way forward for the academy trust and its pupils. In all our decisions, we ensure our joint strategy:
- serves the best interests of the pupils, and protects high quality education
- ensures public funds are both properly spent and protected whilst ensuring value for money
- shares risk with the trust appropriately
- is supported by robust evidence
- supports the trust to build and sustain effective leadership and governance
Last updated 5 April 2023 + show all updates
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We have updated this page with the latest information on financial support for academy trusts in financial difficulty.
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First published.