A financial notice to improve issued to a trust which runs nine schools in the county has been lifted.
The Education Fellowship, which runs schools including Olympic Primary School in Wellingborough and Rushden Academy, was served with a Financial Notice to Improve (FNti) in April 2014 by the Education Funding Agency (EFA), but this has now been lifted, taking effect from March 27.
The FNtI set out the actions needed to be taken by the trust to make sure the necessary improvements in financial management, control and governance were carried out.
Following the EFA’s close monitoring of the trust’s progress, including a review meeting in March 2015, The Education Fellowship is delighted to have been informed that the FNTi conditions have been met.
Johnson Kane, chief executive of The Education Fellowship, said: “We are all very pleased to have confirmation that the Financial Notice to Improve has been lifted.
“The fellowship is a changed organisation complete with a new set of trustees, and we are pleased that the EFA has both seen this and respects it and has endorsed that we are an academy trust making a huge difference in education.
“We have developed a new structure and ethos through co-ownership which we believe, over time, can make our schools the best in the land.
“The fellowship’s co-ownership model is unique in education and amongst the most exciting current educational endeavours in the UK.
“We are grateful to the John Lewis Partnership for their advice and support enabling us to develop and deliver these democratic structures and consider that our model of co-ownership offers a level of participation to pupils, teachers, senior management, heads and the Executive Team at head office not seen in other academy trusts.”
The Education Fellowship was founded in 2012.
Its academies are Wellingborough’s Olympic Primary, Ruskin Junior, Warwick Primary and Wrenn School, Windmill Primary in Raunds, Rushden Academy and Risedene Academy in Rushden, Blackthorn Academy and Thorplands Primary in Northampton, as well as Clarendon Academy in Trowbridge, Desborough College in Maidenhead and Pembroke Park Primary in Salisbury.