Commons Sense

House of Commons · Written Ministerial Statement

Departmental Update

05 July 2022 · Department for Education

Proposed by Robin Walker Con Worcester

Education

Summarised by AI from the official record, so it can contain mistakes.

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At a glance

Key points

  • The Government is proposing to issue an indemnity for 10 million to cover liabilities associated with the transfer of assets, licences, and undertings of Oak National Academy to the Curriculum Arm's Length Body.
  • The transfer must be accepted within fourteen sitting days due to pressing requirements before September 1st.
  • The statement addresses the formation of a new Curriculum Arm's Length Body and the conversion of Oak National Academy into an ALB to support teachers with curriculum planning.

Issue summary

The statement addresses the formation of a new Curriculum Arm's Length Body and the conversion of Oak National Academy into an ALB to support teachers with curriculum planning.

Action requested

The Government is proposing to issue an indemnity for £10 million to cover liabilities associated with the transfer of assets, licences, and undertakings of Oak National Academy to the Curriculum Arm’s Length Body. This must be accepted within fourteen sitting days due to pressing requirements before September 1st.

Key facts

  • The proposed indemnity will be reported as a contingent liability in line with HM Treasury Contingent Liability Framework.
  • Oak National Academy was created in April 2020 and is part-funded by Government grants.
  • The Reach Foundation, a charitable organisation, will receive an indemnity of £10 million.
  • Pressing requirements mean the full fourteen sitting days prior to accepting the contingent liability cannot be provided.
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