COVID-19 has had a variable impact on the financial health of academy trusts, although the full data is not yet available. The 2019/20 SARA reports that the financial stability of the sector has improved due to the work being done by the Department and ESFA to improve financial management in the sector, but also notes that some trusts will have incurred lower costs during the reporting period as a result of the lockdown.34 Additional funding has been provided by the Department via the ESFA to...

COVID-19 has had a variable impact on the financial health of academy trusts, although the full data is not yet available. The 2019/20 SARA reports that the financial stability of the sector has improved due to the work being done by the Department and ESFA to improve financial management in the sector, but also notes that some trusts will have incurred lower costs during the reporting period as a result of the lockdown.34 Additional funding has been provided by the Department via the ESFA to schools during the pandemic, for example for catch-up learning, a workforce fund to support schools with staffing challenges caused by COVID-1935 and ex Type: conclusion | Number: 15 | Response status: not_addressed