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Independent Review of College Financial Oversight
15 July 2020
Type
Written Ministerial Statement
Department
Department for Education
At a Glance
Issue Summary
The statement discusses the Independent Review of College Financial Oversight, which recommends a strategic relationship between government and FE Colleges.
Action Requested
The minister endorses the report's conclusions and announces plans to maintain the role of the FE Commissioner with enhanced alignment with ESFA. She also outlines measures for improving financial data collection and transparency in colleges, including publishing whistleblowing policies externally starting from 2020/21. Additionally, she commits to investing £4.5m in learning and development programmes for governance professionals.
Key Facts
- Independent Review of College Financial Oversight conducted by Dame Mary Ney DBE.
- Government must have a strategic relationship with FE Colleges to meet local and regional needs.
- The role of the FE Commissioner will be maintained, reporting directly to ministers but strengthened in alignment with ESFA.
- New integrated single data return for financial information from colleges adopted starting February.
- £4.5m allocated for learning and development programmes for governance professionals.
- Colleges are required to publish their whistleblowing policy externally starting 2020/21.
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Assessment & feedback
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