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2024 budget forecast return (BFR)

On 29 May 2024, David Withey, Chief Executive of the Education and Skills Funding Agency, sent a letter to all accounting officers within the academy sector. The letter includes information about the Education and Skills Funding Agency (ESFA) activity during the pre-election period for the 2024 General Election and provides updates and information on various topics related to education and skills funding. Please see below some of the key updates:

2024 budget forecast return (BFR)

This year's deadline will be 29 August 2024, to allow trusts the opportunity to factor any post-election announcements into their return.


Academy Trust Handbook

Due to the election announcement, the publication of the handbook will be delayed until after the election. Any updates to the handbook will require ministerial approval, and as with the BFR, the ESFA will provide an update as soon as possible.


Academy trust funding

During the pre-election period, the ESFA will continue to deliver most of its operational activities as normal but will pause on communicating anything new or novel and on most of its external engagement activities.

     

Contact Us

If you would like to arrange a virtual meeting to discuss your specific circumstances in relation to any of the above, please get in touch with your usual contact within James Cowper Kreston or contact me using the details below.


Darren O'Connor

Partner

T: +44 (0)7990 525362 | E: DOconnor@jamescowper.co.uk

     

The information in this newsletter must not be relied on as giving sufficient advice in any specific case.   

   
   

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