The Department for Education is drawing up a blacklist of academy trustees who have overseen failures, MPs have heard.
Meg Hillier, chair of the Commons Public Accounts Committee, today raised concerns about a current lack of sanctions against people she described as “chancers” in the academy system who had acted improperly.
She asked: “Where is the naming and shaming of people who have taken taxpayers’ money, not delivered an education, not repaired a school and sometimes, allegedly, lined their own pockets?”
Some multi-academy trusts (MATs) that received a share of a £31 million government fund to expand have become concerned about their long-term financial viability, a new report has revealed.
Financial concerns were raised by MATs that took on schools with large deficits or which have not been able to grow as much as expected.
The fears are revealed in an evaluation report by the one-off Regional Academy Growth Fund (RAGF), to which trusts had bid to access cash to fuel their expansion.
Two academy trusts that have been engulfed in controversy have been the focus of a public spending watchdog today.
Academy officials who are now responsible for Durand and Bright Tribe faced questions from MPs on the Public Accounts Committee.
Bright Tribe is giving up all of its schools after being embroiled in financial controversy and following opposition from parents at one of its high-profile schools.
The government is said to be trying to claw back up to £321,775 from Bright Tribe because it does not have proof that funding was spent on its intended purpose.
The former head of a controversial academy is being paid an £850,000 severance package out of proceeds from a private leisure centre run on the school grounds, MPs have heard.
Details of the payment to Sir Greg Martin, the former head of the Durand Academy in Stockwell, south London, emerged on Monday during a hearing of the Commons public accounts committee, which is investigating academy accounts and performance.
It is the latest development in a long-running saga involving Martin, who was knighted for services to education and was once a favourite of Tory ministers, before falling out of favour as concerns grew about financial management and governance at the school.
32 academy trusts make debut on DfE list of organisations paying at least one person more than £150,000
Dozens of academy trusts pushed senior pay above £150,000 at a time of growing concern about high executive salaries, a new DfE document suggests.
The DfE has published a list of 125 academy trusts that it said paid at least one person more than £150,000 in 2016-17.
A Tes comparison of this list with last year’s equivalent, which named 121 academy trusts, revealed that 32 appeared among highest-payers for the first time.