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The hazardous journey to secure funding for mergers

As more colleges undergo restructuring, we will start to get a clearer idea of how the Transaction Unit maps itself to the sector, says Stuart Rimmer

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“Men wanted for hazardous journey. Small wages. Bitter cold. Long months of complete darkness. Constant danger. Safe return doubtful.”

The recruitment notice for Ernest Shackleton’s 1914 Antarctic expedition puts me in mind of my experiences over the last 18 months, working with the Transaction Unit (TU) at the Education and Skills Funding Agency. The unit plays a vital role, assessing college restructuring plans and making decisions on financial support for mergers and other structural changes.

It has helped us bring to life East Coast College, formed from the merger of Great Yarmouth and ...

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