ESFA | Schools Week

Devon’s Bay Education Trust hit with financial notice to improve

A Devon-based multi academy trust has been handed a financial notice to improve by the Education and Skills Funding agency. Bay Education Trust has had many of its spending powers suspended, and has been warned it faces closure if it does not address concerns about its financial management. The notice was issued because the trust had […]

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 […]

Government delays land valuations — leaving schools to foot the bill

The government has pushed back a planned valuation of academy land and buildings until January, leaving some schools facing the prospect of spending “thousands” on their own surveys to meet accounting requirements. The Education and Skills Funding Agency was due to issue valuations for new academies opened between September 2016 and August 2017 last month. […]

BREAKING: Eileen Milner appointed as CEO of Education and Skills Funding Agency

The Education and Skills Funding Agency has appointed a permanent chief executive to replace Peter Lauener. Eileen Milner, who joins the ESFA from the Care Quality Commission, will start her new job in November, after which Mr Lauener is expected to retire. The ESFA, previously known as the Education Funding Agency, changed its name in […]