The National Audit Office (NAO
) plans to investigate the Education Funding Agency (EFA). It intends to “examine the performance of the Agency to date, and consider whether it is prepared to meet future challenges.”
The NAO says the EFA distributed more than £50 billion to local education providers in England in 2012/13. The EFA is also “responsible for the oversight of financial management and governance in open academies, and for major capital programmes in the education sector.”
This proposed investigation into the EFA follows an earlier NAO report which found that £1 billion had been overspent on the academies programme
The NAO also intends to review the establishment of Free Schools.