Skip to main content
Top story

Academy chain whose schools have been facing job cuts nearly doubled its “topslice” in two years

29 April 2026

Slice of the pie: increasing at Initio. Image: iStock.

Analysis by this website shows the 19-school Initio Learning Trust increased its “topslice,” as a proportion of its schools’ core funding from 3.9 to 7.5 per cent between 2022-23 and 2024-25.

Development seems likely to provoke more debate around central decision-making over “topslice” taken from academy budgets.

Slice of the pie: increasing at Initio. Image: iStock.

Non-subscribers can register here to read one story a month. But please consider a subscription to support the work of Education Uncovered.

Education Uncovered

An investigative news website shining light on schools policymaking, including its many impacts at ground level.

Warwick Mansell investigates national policymaking in depth, while seeking to hold decision-makers to account for developments within schools and their communities.

He uses techniques such as data analysis, scrutiny of accounts and old-fashioned talking to sources to get to the bottom of goings-on.

Where you come in...

I need your help. Education Uncovered is currently entirely subscription funded. That means that the reporting on here is only made possible because of the financial support from readers.

If you value independent, probing public interest journalism and want to back it, please subscribe to access all of the articles, analysis and the data.

Subscribe for full access

Alternatively, if you feel you cannot support Education Uncovered with a subscription right now, please register here to read one article a month for free.

FREE monthly article

Thank you for your support.

Warwick Mansell

Reviews

Investigative journalism at its best: truthful, probing reporting, in pursuit of education stories not covered elsewhere by mainstream media

Jane Coles, former English teacher

I can thoroughly recommend subscribing to Education Uncovered to support good journalism. Thanks for all you do to dig on our behalf, Warwick.

Helen Myers, language teacher

Anyone interested in education - and in the myths and malpractices it suffers from - will find no better value than Warwick’s tireless and unmatchable work.

Peter Thomas, former chair of The National Association for the Teaching of English

This site uses cookies that store non-personal information to help us improve our site.