The government propped up more than 80 academy trusts with bailouts in a single year, including a £2.05 million grant for Academies Enterprise Trust, official documents reveal.
Trusts received a combined £31.28 million in financial lifelines from the Education and Skills Funding Agency in 2019-20, according to the government’s newly published annual report for the academy sector.
In the year to August 2020, 53 trusts, including 11 university technical colleges, received £20.84 million in emergency handouts that will not be repaid. Another £10.44 million was offered in loans. Data has not been published for previous years.