FE Financial Pressure (Highbury College)
Dear Highbury College,
I'm mindful of the financial pressure faced by the Further Education sector. The solent FE sector is due to undertake a review of post-16 education. I think its important to stress in the public the drain on current and capital expenditure locally which is preventing our post-16 education institutions meeting their full potential for the city and local area.
For the financial years, 2010/11, 2011/12, 2012/13, 2013/14, 2014/2015 - can the college set out their latest estimates of the following costs
1. writedown costs relating to restructuring and the closure or withdrawal of courses (excluding redundancy costs)
2. redundancy costs for staff which have been let go from their contracts (excluding pension)
3. pension pay-offs for staff which have been let go
4. any agency spend or consultancy spend in order to cover staff in difficult to recruit areas
5. the level of debt in terms of principal and interest
I welcome your support in this area to raise awareness of the intense pressure on the further education sector
Yours faithfully,
sameen farouk
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