academy trust | Schools Week

Ormiston Academies Trust got £1.1m government loan

One of the country’s largest multi-academy trusts was lent more than £1 million by the government to help “cash flow management” last year, the second such settlement it has negotiated to takeover struggling schools. Ormiston Academies Trust, which runs 37 schools across England, received an extra £1.1 million from the Education Skills Funding Agency last […]

Academy trust deficits rise but reserves grow for many

The proportion of academy trusts reporting a financial deficit rose to 6.1 per cent in 2016-17 from 5.5 per cent in 2015-16, new statistics from the Department for Education have revealed. The 185 trusts that were in deficit were responsible for 300 academies (4.3 per cent of the total), and smaller trusts were more likely to find […]