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£7m Bailout for Troubled Academies

05 May 2011

A government quango spent almost £7m last year bailing out academy schools in financial deficit, official figures reveal.

One academy – Richard Rose Central in Carlisle – needed a cash injection of nearly £5m. Four others – Gloucester, Manchester Enterprise, Paddington and Westminster academies – received between £850,000 and £250,000.

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