Save some cash for later to fund teacher pay bill, DfE says Schools told to plan budgets over multiple years to make best use of ‘frontloaded’ funding settlement
MATs gain schools and record cash boost amid Covid Academies boasted record levels of spare cash and continued to expand amid the pandemic, Kreston’s annual benchmarking report shows
‘Discrimination’: Small trusts denied two-thirds of repairs cash One school has seen six bids to replace a dilapidated classroom rejected, sparking claims rural schools are at a disadvantage
Raid on school budgets next year as £41m council grants axed Councils warn school improvement services and maintained schools face a financial hit, with grant cuts expected to incentivise more academy conversions
Academy trusts get £21m in non-repayable bailouts The Academies Enterprise Trust received £2 million, one of more than 80 trusts bailed out in a single year
Trusts rack up £3bn surplus, and 6 more academy sector accounts findings The report reveals rising reserves, more spending rule breaches and more trusts under scrutiny over high pay
DfE lets Harris and Oasis off the hook for £9.4m academy sponsor contributions The government has written off cash owed as collection efforts have been ‘exhausted’
DfE extends Covid workforce fund until Feb half-term The scheme was reintroduced last month amid rising rates
Investigate trusts amassing ‘substantial reserves’, watchdog tells DfE A report found mainstream school finances had “held up well” in recent years, despite austerity cuts and other funding pressures