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Recent research commissioned by CIPFA suggests that multi academy trusts (MATs) will face significant challenges over the next few years. Feedback from a group of MAT finance directors highlighted that MATs need to focus on managing a complex change agenda.
There are five key concerns for finance professionals in MATs that need to be addressed:
Responding to this agenda will obviously keep MAT finance teams busy over the coming months and years and it remains to be seen how successful they are in resolving the myriad of problems involved.
Action to build the capacity and capability of the people will need to be a key element in any future strategy. Resourcefulness and determination will be an essential criterion for any person specification when recruiting or promoting people.
Figuring out smarter ways to get things done and maximising the impact of limited resources are going to require plenty of creative thinking and imaginative problem solving by those involved.