The Government has awarded £125 million to the Sutton Trust as the lead charity in partnership with Impetus Trust to establish a new major programme to boost the attainment of some of the country’s most disadvantaged children.
The Education Endowment Fund (EEF) will be used to both initiate grants and seek innovative and bold proposals from schools, teachers, local authorities and charities to improve the performance of poor pupils in the country’s lowest performing schools.
The Fund, which will be housed in a new charity established by the Sutton Trust and, in partnership with Impetus, will aim to identify and support cost effective, sustainable, and carefully evaluated projects to narrow attainment gaps in the classroom – creating a lasting educational legacy for 100,000s of disadvantaged children. The EEF will be created by a one-off, arms-length grant from the Department for Education.
Selection criteria for bids will be unveiled in the early summer when the new charity is officially launched – and the first round of grants will be made in the Autumn. It is envisaged that as much as £200 million will be allocated in total over the 15 year lifetime of the programme – with the extra money coming from fund-raising and investment returns.
Sir Peter Lampl, chairman of the Sutton Trust, and chairman of the new charity, said: “The Fund is an unprecedented opportunity to create a lasting legacy to improve the life chances of the country’s most disadvantaged children and improve social mobility. In many ways this represents the culmination of the Sutton Trust’s work, and I am convinced that we will uncover highly cost effective and innovative projects which will influence the way billions of public money is spent on supporting disadvantaged children.”
Daniela Barone Soares, Chief executive of Impetus Trust, said: “We are thrilled to be one of the drivers behind an investment of this scale with such potential to make a real difference for disadvantaged children. The gap in attainment between disadvantaged children and their better-off peers results in an impoverished society, and has existed for far too long. We look forward to applying our expertise to develop and scale up education projects so that many more disadvantaged students are able to get the support they need to succeed.”
Secretary of State for Education, Michael Gove, said: “I am delighted that the Sutton Trust, a charity at the forefront of tackling educational inequality, together with Impetus Trust, will manage this important new fund.”
Notes to editors