Fame closure ruled out

15th November 1996 at 00:00
The director of the Liverpool Institute for Performing Arts - better known as Paul McCartney's "Fame" school - has dismissed rumours of looming insolvency and closure as nonsense.

Mark Featherstone-Whitty says the institute is in a healthy financial state and has ruled out closure. He says a Pounds 500 "facility fee" to be imposed on new students in 1997 is aimed at maintaining the institute's income and is quite common in similar specialist colleges.

He rejected suggestions that McCartney, who put Pounds 1 million into the institute, and other sponsors have refused to stump up more cash. He said: "There is no threat to the institute's future. We had a financial plan at the beginning and we are on target."

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