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Academy Trust given 'maximum' time to repay DfE debt.

Academy Trust given 'maximum' time to repay DfE debt.

An academy trust has been given seven years to repay a government bail-out to shore up its budget shortfall – a timeframe experts have suggested is unprecedented.

The Teddington School in Richmond-upon-Thames has been told by the Education and Skills Funding Agency that it has until August 2025 to repay the advance funding.

The schedule was specified in a financial notice to improve published last week over the single academy trust’s “weak financial position”.

Not all financial notices to improve specify a timeframe for any repayments of advance government funding, but when they do the period tends to be much shorter.

Neither the trust nor the Department for Education would say how much extra cash the school was given.

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