-
DfE threatens to reclaim £110k loan unless school joins a multi-academy trust
The government has threatened to forcibly claim back a £110,000 loan issued to a single-academy trust unless it joins a MAT. The threat comes as a school leaders’ union issues a warning over the “serious implications” of conditions attached to such emergency loans. A financial notice to improve issued to Hinckley Academy and John Cleveland…
7.00 Feb. 1st, 2019 | News
-
Academy trusts with multiple staff on £100k+ told to justify pay
The government has written to all multi-academy trusts that are paying a salary of £100,000 to £150,000 to multiple employees, to ask them to justify why they are setting wages at these levels. Letters from Eileen Milner, the chief executive of the Education and Skills Funding Agency, will go out to the chairs of trustees at…
16.26 Apr. 10th, 2018 | News
-
Matrix Academy Trust ordered to review governance after ESFA investigation
The Matrix Academy Trust has been ordered to review its governance arrangements and financial management after a government review found it could not justify costly staff trips and had not ensured separation of powers between its members and directors. The investigation was prompted by “anonymous allegations” made against it in October 2016, relating to “potentially…
16.40 Oct. 6th, 2017 | News
