Statement on Education Funding Agency

"Since its creation in April 2012, the Education Funding Agency has performed well against the growing and changing remit which the Department for Education has given it. The Department, however, needs to make sure that it clearly understands the delivery capability of the Agency so that it is clear about what it expects the Agency to achieve.  I fail to see how the Agency can reduce costs by 15% whilst simultaneously expecting to see a 50% increase in demand for its services. There is a real danger that the Agency will simply become overloaded, putting at risk the value for money it achieves from its £51 billion of funding."