Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors

Kreston Academies Benchmark Report 2024

Academy Sector Sliding Towards Deficit revealed in 2024 Academies Benchmark Report

The 12th annual Kreston UK Academies Benchmark Report has revealed a marked increase in the number of academies dipping into their reserves to keep up with the
significant cost increases that have hit the sector.

Trusts running in-year deficits – where they are spending more than their allocated revenue for that year – has more than doubled since 2021, jumping from 19% in 2021 to 47%* for the financial year ending in 2023. Although staffing costs have remained fairly controlled across the sector non-staffing costs have seen a big leap with rises of 16% per pupil. Energy costs have contributed significantly to this rise, with average heat and light costs per pupil increasing by a minimum 49% against the previous year. 

The recently published Academies Benchmark Report provides in-depth insight and analysis into the finance of the academy sector from a source of just under 300 trusts which represent over 2,300 schools.

Download the full report.

Academies Benchmark Report 2024

DOWNLOAD HERE

Academies Benchmark Report 2024