The Education Funding Agency (EFA) is merging with the Skills Funding Agency to form the Education and Skills Funding Agency (ESFA) (external link)
The EFA is an executive agency of the Department for Education (DfE), responsible for all revenue and capital funding for schools. It is charged with acting on behalf of the Secretary of State with regard to academies’ financial affairs and allocates revenue funding directly to academies as well as distributing maintained schools’ revenue funding to local authorities.
The new ESFA will retain these functions and also have responsibility for overseeing funding for post-16 education and training, apprenticeships, and adult education.
Peter Lauener is the current chief executive of both agencies. He intends to retire following the merger but will remain in the role until a permanent replacement is in place.