Failing academy trusts asset-stripping schools, MPs warn ministers

Failing academy trusts asset-stripping schools, MPs warn ministers

Commons education select committee has written to academies minister Lord Agnew expressing concerns about a ‘lack of transparency and accountability’ surrounding MATs

Schools do not always benefit from joining multi-academy trusts (MATs) because they do not receive value for money and are “asset-stripped” when a trust fails, an influential parliamentary committee has told ministers.

The warning comes inhard-hittingg letter to the academies minister Lord Agnew, from the chair of the Commons education select committee, Robert Halfon. Writing on behalf on his members, hesets out major concerns about MAT membership for schools and calls for the trusts to be subjected to greater accountability.

“We are particularly concerned by the extent to which failing trusts are stripping assets from their schools,” the letter says. “It is not clear to us that all schools are benefiting from joining MATs, or that trusts are providing value for money.”

The letter calls for a “more robust system of oversight” to prevent such transfers of assets.

Read on…



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