#163;2m fund to boost efficiency through shared services
A total of 102 colleges across the country are sharing a pound;2-million fund to develop new projects to promote efficiency through shared services. Among the ideas is to create new companies owned jointly by colleges to provide back-office services such as human resources and IT. FE minister John Hayes said: "This fund is an important step towards encouraging colleges to share services and to collaborate with other institutions and local organisations to continue to deliver the services vital to the everyday running of colleges, in the most cost-effective way. Everyone needs to play their part in helping the Government to make savings necessary to the country's economic recovery."