Increase in academy trusts in deficit

he number of academy trusts that ran a deficit has increased, with a total shortfall between them of £65 million, new Department for Education accounts reveal.

There were 185 single or multi-academy trusts in deficit in the 2016-17 – up from 167 a year earlier.

The total cumulative deficit across these trusts was £65 million – up from £50 million the previous year.

However, the level of surplus cash across the academies sector has also grown to £2.4 billion – up from £2.2 billion in 2015-16.

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