Most academy trusts expect to be in the red by 2022

More than half of academy trusts expect to be running a deficit by 2022, according to a major new study into their finances.

The annual Kreston Academies Benchmark report also reveals that nearly half of all multi-academy trusts (44 per cent) have at least one school in their group that is struggling financially.

And it warns that these “problem schools” can have a significant impact on their trusts which have on average £51,000 less left over at the end of the academic year than other trusts.

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