Fame closure ruled out
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."