financialgovernance on Gloucestershire Dailyhttps://gloucestershiredaily.co.uk/tags/financialgovernance/Recent content in financialgovernance on Gloucestershire DailyHugo -- gohugo.ioen-usTue, 30 Jun 2026 05:00:00 +0000Takeover Looms at Eight Gloucestershire Schools as Troubled Trust Seeks to Disbandhttps://gloucestershiredaily.co.uk/takeover-looms-at-eight-gloucestershire-schools-as-troubled-trust-seeks-to-disband/Tue, 30 Jun 2026 05:00:00 +0000https://gloucestershiredaily.co.uk/takeover-looms-at-eight-gloucestershire-schools-as-troubled-trust-seeks-to-disband/Eight schools in Gloucestershire face an impending takeover after the SAND Academies Trust that oversees them revealed severe financial difficulties earlier this year. The trust, headquartered at The Milestone School near Gloucester, was served a formal ‘Notice to Improve’ by the Department for Education (DfE) in April 2026. The notice highlighted significant concerns regarding the trust’s weak financial position and inadequate financial governance. The DfE warned that if the trust failed to meet the improvement conditions outlined in the notice, it would consider “contractual intervention options.