The Education Funding Agency is an executive agency of the Department for Education, responsible for the funding of education and training for children and young people between the ages of 3 and 19, and up to age 25 in the case of high needs students. The EFA funds academy trusts and a range of post 16 providers directly and also allocates funding to local authorities for them to fund maintained schools. In the case of academy trusts, the EFA has additional regulatory functions, eg on matters such as complaints. The EFA is also responsible for a range of building and maintenance programmes for schools, academies, free schools and sixth-form colleges.
Established April 2012. The first annual report for the 2012-13 financial year will be published in December 2013. The figures in this table for funding and expenditure cover grant and contractual payments by the EFA for financial year 2012-13. When the EFA's annual report is published, it will include consolidated accounts which incorporate expenditure by academy trusts. Gross expenditure in the accounts will therefore include what academies spent in 2012-13 rather than the grants paid to them. The Register of Interests entry relates to the Advisory Group of the EFA, a group whose members have been invited by the CE to advise him and his senior team on how the EFA works with, supports and regulates schools, colleges and other providers. Members are not appointed by the Secretary of State and do not advise ministers. The Board does not have a fiduciary or other responsibility for the performance of the EFA and a register of interests is not maintained for them. The CE, as a Board member of DfE, makes an annual declaration in relation to any interests he might have.
|Chairs Remuneration (p.a. unless otherwise stated)|
|Chief Executive / Secretary Remuneration||Civil Servant|
|Register of Interests||No|
|Last Annual Report||2012-13. 2013-14 report will be published in autumn 2014|