The ESFA brings together the former responsibilities of the Education Funding Agency (EFA) and Skills Funding Agency (SFA) to create a single agency accountable for funding education and skills for children, young people and adults.
The ESFA:
- is accountable for 63 billion Britsh pounds of funding for the education and training sector, providing assurance that public funds are properly spent,
- achieves value for money for the tax payer and delivers the policies and priorities set by the Secretary of State
- regulates academies, further education and sixth-form colleges, and training providers, intervening where there is risk of failure or where there is evidence of mismanagement of public funds
- delivers major projects and operates key services in the education and skills sector, such as school capital programmes, the National Careers Service, the National Apprenticeship Service and the Learning Records Service.
