Credited with firm foundations

Despite the tone of last week’s lead story (“Refurbished colleges face pound;1bn debt”), the college capital investment programme is a real success story for FE, with employers, students and wider communities benefiting from the new high-quality buildings being delivered on time and on budget
18th July 2008, 1:00am

Share

Credited with firm foundations

https://www.tes.com/magazine/archive/credited-firm-foundations

Despite the tone of last week’s lead story (“Refurbished colleges face pound;1bn debt”), the college capital investment programme is a real success story for FE, with employers, students and wider communities benefiting from the new high-quality buildings being delivered on time and on budget.

The National Audit Office report rightly identifies some areas for improvement and the risks associated with capital projects of this type. But, with the right support, we are confident that colleges can manage this risk and complete the programme by 2013.

The fact that banks are prepared to invest in the sector with such confidence is a sign of colleges’ credit strength.

Martin Doel, Chief executive, Association of Colleges.

Want to keep reading for free?

Register with Tes and you can read two free articles every month plus you'll have access to our range of award-winning newsletters.

Keep reading for just £1 per month

You've reached your limit of free articles this month. Subscribe for £1 per month for three months and get:

  • Unlimited access to all Tes magazine content
  • Exclusive subscriber-only stories
  • Award-winning email newsletters
Recent
Most read
Most shared