The Guardian Newspaper is reporting that the Perry Beeches Academy Trust may be stripped of its five academy schools following financial irregularities.
A report published by the Education Funding Agency earlier this month said:
“There have been serious breaches of the Academies Financial Handbook including serious concerns about financial management, control and governance”.
The Guardian said:
“An academy chain responsible for five secondary schools that was praised by David Cameron and Michael Gove is to be stripped of all its schools, according to sources close to the Department for Education”.
The newspaper added that a Whitehall source had said:
“This shows the academy system is working, with the EFA identifying issues and regional schools commissioners intervening and rebrokering effectively, as part of a robust system of oversight”.