‘Colossal’ £0.5m wasted per school, claims minister

Tes is reporting that financial trouble shooters dispatched by the DfE have identified an average of £500,000 of wasted money at every school they visited, the academies minister has said.

Lord Agnew told school business managers that the total of £35 million of “essentially misdirected resources” at the 70 schools was a “colossal sum of money”.

In a speech to last week’s national conference of the Institute of School Business Leadership, Lord Agnew outlined the results of the financial trouble shooter scheme so far.

“We have now done about 70 visits to schools and they have identified over £35 million of essentially misdirected resources,” he said, “so that is a colossal sum of money, particularly when you take into account that some of those are primary schools.

But Lord Agnew has also suggested that national commercial deals negotiated by the DfE to save schools money may be “pants”.

When questioned about school funding in the past, education secretary Damian Hinds has stressed efforts to save money in schools rather than increase their funding, and in August he outlined some results from the resource management advisers’ visits.

Speaking last week, Lord Agnew added: “The very fact that these schools had these sums of money, which on an independent analysis by peers of yours in this room does show you that there is a lot of potential.”

Read more ‘Colossal’ £0.5m wasted per school, claims minister

Please tell us your thoughts in comments or via Twitter ~ Tamsin

Don’t forget you can sign up to receive our daily email bulletin (around 7am) with all the latest schools news stories. Your details will never be given to anyone else and you can unsubscribe at any stage. Just follow this link 

We now have a Facebook page - pls click to like!

 

More recent posts...

 

 

Guest Post: Steve Spriggs: Staff sharing between private and state schools
Summer-born pupils disadvantaged throughout primary school – Study
Categories: Budgets and Resources.

Comments

  1. Jane Eades

    In other words, Lord Agnew and Damian Hinds have wasted money in trying to prove that schools are wasting money. I wonder which the 70 schools were and how they were selected. This is really scraping the barrel in order to justify the “little extras” claim. I also wonder how many of these 70 schools are academies, presumably most of them.

Let us know what you think...