Source · Select Committees · Public Accounts Committee
Recommendation 23
23
Between November 2014 and March 2019, the ESFA paid £253 million to 36 colleges which...
Conclusion
Between November 2014 and March 2019, the ESFA paid £253 million to 36 colleges which had serious cashflow problems. The purpose of this emergency funding was to help the colleges maintain their teaching and other services for learners. At the beginning of this period, government’s intention was that all the emergency funding would be repayable. However, at March 2020, the ESFA had categorised 39% of the total (£100 million) as non-repayable.42
Government Response
A response document is linked to this report, dated 26 March 2021. Response attribution to this conclusion has not been verified. Read the response document ↗