WQ92869 (e) Tabled on 15/05/2024

How is the Cabinet Secretary working with the Cabinet Secretary for Economy, Energy and Welsh Language to ensure schools can access the best interest rates from banks on their reserves?

Answered by Cabinet Secretary for Education | Answered on 24/05/2024

Funding for most schools in Wales is held by the local authorities and therefore managed under their overarching treasury management function. 

The banking arrangements that may be made by governing bodies are set out in individual Local Authority Schemes for Financing Schools which are approved by their school forums.