• Bailout cash will still be available under new insolvency regime

    Colleges will still be able to access some bailout funding once the insolvency regime comes into effect next year – even though the government has previously said the tap will be switched off. This was revealed in a letter from Peter Mucklow, FE director at the Education and Skills Funding Agency, published on Wednesday, which

    11.00 Dec. 14th, 2018 | News

  • Hull College boss: How I'm taking it out of intensive care

    Hull College chief executive Michelle Swithenbank probably has the toughest job in FE right now. The former nurse has been charged with taking a college which has received the largest ever government bailout to any FE institution out of intensive care and back on the road to recovery. It’s a task that would challenge the

    10.07 Jun. 22nd, 2018 | News

  • Atkins: Struggling colleges will still need stopgap funds

    Colleges that get into financial difficulty will still need funding to “oil the wheels” once the bailout tap has been turned off, the FE commissioner has said in an exclusive interview with FE Week. Struggling colleges currently have access to the restructuring facility and exceptional financial support (EFS), but these will each be withdrawn later

    11.30 Jun. 15th, 2018 | News

  • Hull College's vast debts exposed

    An impoverished college which took a £54 million bailout did so after declaring a deficit of close to £13 million in a single year. The revelation emerged from Hull College’s long-delayed 2015/16 accounts, which were finally published this week following pressure from FE Week. There have widespread demands for greater transparency on the college’s dire

    10.01 Jun. 8th, 2018 | News

  • Hull College receives £54m bailout amid job strikes

    An impoverished college caught in a row over job cuts has received a £54 million bailout. The eye-watering sum reportedly awarded to Hull College from the restructuring facility is believed to be the highest ever given to an English college. A college representative let slip the sum during the University and College Union’s congress in

    17.37 May. 31st, 2018 | News

  • College that needed huge bailouts set to merge

    A college that has received millions of pounds in government bailouts has announced plans to merge. Accrington and Rossendale College will join forces with grade one Nelson and Colne College later this year, under plans announced by the two institutions today. “We are delighted to announce the vision for a new merged college for Pennine

    13.30 Apr. 27th, 2018 | News

  • Bailouts for failing colleges reach £140 million says Halfon

    College bailouts have cost the UK a whopping £140 million, the apprenticeships minister has admitted. Robert Halfon confessed to the House of Commons that by March the government expects to have dropped “a total of about £140 million on propping up colleges facing extreme financial difficulties”. That money, he added during a debate on the

    10.36 Jan. 13th, 2017 | News