Its functions will return to the Department for Education and the new Education Funding Agency (EFA), an executive agency of the department, in April 2012
Mr Gove said he wanted to cut quangos – “This will allow more resource to be directed to the front line, where it matters most, and enable people to see more clearly who is accountable for what and to speak more directly to government,” he said.
“Following Sebastian James’s proposals for a new system for managing capital expenditure and the wider reform of arm’s length bodies, I have decided the time is right to bring together, in a single agency, the allocation and management of revenue and capital funding, including the delivery of capital programmes,” he said.
Chief executive of the Education Funding Agency will be Peter Lauener, transferring from his current role as chief executive of the Young People’s Learning Agency, subject to the passage of the legislation necessary to dissolve that organisation.
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