An executive agency, sponsored by the Department for Education.
The Education and Skills Funding Agency (ESFA) brings together the existing responsibilities of the Education Funding Agency (EFA) and Skills Funding Agency (SFA), creating a single funding agency accountable for funding education and training for children, young people and adults.
The ESFA will be accountable for £61bn of funding for the education and training sector, providing assurance that public funds are properly spent, achieve value for money for the tax payer and deliver the policies and priorities set by the Secretary of State.
The ESFA will regulate academies, FE Colleges, employers and training providers, intervening where there is risk of failure or where there is evidence of mismanagement of public funds.
The ESFA will deliver major projects and operate key services in the education and skills sector, such as school capital programmes, the National Careers Service, the digital Apprenticeship Service and National Apprenticeship Service.