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GCSE FAILURES COST CEA£300K IN FINES

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Cambridge Education Associates has been fined£300,000 by Islington LBC for failing to reach this year's GCSE targe...
Cambridge Education Associates has been fined£300,000 by Islington LBC for failing to reach this year's GCSE targets.

A branch of the private sector company, CEA@Islington, was handed a seven-year contract to run the borough's schools last year in the first big government experimentation with privatisation.

Under the deal, CEA is paid a maximum annual fee of£600,000, subject to meeting a series of performance targets which include, for the first time this year, GCSE and key stage two results. That figure is capped, which means CEA cannot earn in excess of this, but it can lose up to half in the form of financial penalties.

CEA missed its target of 35% of pupils getting five or more good GCSEs by 7%.

Derek Foreman, CEA's executive director said: 'We are disappointed at the speed at which we are progressing, however we are still at the early stages of the contract and we realised we will not be able to turn things around overnight.'

But, he added: 'We are still satisfied that we are moving in the right direction.'

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