The Education Endowment Fund (EEF) will fund local authorities, academy sponsors, charities and other groups that bring forward innovative proposals to improve performance in the most challenging schools.
The overall objective of the programme is to break the link between family background and educational achievement, ensuring that young people from all backgrounds have the opportunity to fulfill their aspirations and make the most of their talents.
The role of the EEF is to identify, develop, support and evaluate projects; focusing on innovation and on scaling-up programmes which are cost effective and replicable.
In the first instance the EEF expects to fund projects run by schools and other not for profit organisations which fit within one of four broad approaches:
- Testing and incubating new ideas which have a proof of concept.
- Bringing initiatives from other contexts to EEF target students and schools (this could include, for example, programmes from overseas or from the independent sector).
- Scaling up initiatives which have been proven to work on a modest scale.
- Developing projects with potential that have not, to date, been delivered or evaluated effectively.
It is envisaged that £200 million will be allocated in total over a 15 year period, with the extra fund value coming from fund-raising and investment returns. The expected minimum grants size is £50,000.