Business Award

18 Oct 2019   |   Karen Froggatt, Chief Governance Officer

The Trust was highly commended in the Business Growth Category at a recent Chamber of Commerce Annual Awards.

The category recognises businesses which have achieved significant growth or development.  Our growth and success is demonstrated by:

  • Growth from one Academy to twenty three (on thirty one sites) across South and West Yorkshire, Lincolnshire and the Humber. This includes an increase of seven academies in the past twelve months.
  • Workforce growth from twenty seven employees in 2014 to over fourteen hundred at present.
  • Total budgets from £1.492m in 2014 to £110.960m in 2018.
  • Total net assets from £1.7 m in 2014 to £93.8m in 2018.
  • Strategic relationships with five Local Authorities.
  • Investment of £100m in the Trust’s estate, including the development of 7 brand new schools

The award was collected by Mark Wilson and Hearl Lenton, Chair of the Trust Board.  Said Mark:  ‘I’m delighted that we’ve been highly-commended in the Business Growth category, in recognition of the contribution that all members of the Wellspring Staff Team – centrally and at our Academies – as well as our Board and Governors, have made to growing the Trust over the last five years.  We’ve been ambitious yet cautious – not least in respect of our financial sustainability – and have adhered to our values  throughout our journey.  The needs of the children and young people in our care continue to be our key priority, ensuring that we give them the best possible start in life’.

 

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