Academy trust bailed out by government over pensions delay

A struggling academy trust relied on a government bailout to ensure it could pay pension contributions, it has been revealed.

TBAP multi-academy trust, which runs 12 alternative provision academies, was issued with a financial notice to improve by the Education and Skills Funding Agency in August, after leaders requested almost £1 million in additional funding from the government.

It has now come to light that the trust also needed government help to pay its pension contributions.

The financial health of the academies sector is the source of concern in the school community amid stagnating funding. As of last August, 185 trusts, or 5.9 percent of those nationally, were in deficit, up from 167 the previous year.

Academy trust bailed out by government over pensions delay

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