Overseeing financial sustainability in the further education sector
In its 13th Report of this Session, the Public Accounts Committee has voiced serious concerns about the financial sustainability and future of further education (FE) in England.
The Committee calls for a more proactive approach in helping FE colleges prepare for the "significant financial challenges they face in the likely event of further funding cuts".
The Skills Funding Agency deemed 29 colleges to be financially ‘inadequate’ in the 2013/14 academic year. Its recent forecasts suggest around 70 colleges could be in this position by the end of 2015/16.
Report: Overseeing financial sustainability in the further education sector
Report: Overseeing financial sustainability in the further education sector (PDF)