Look, no debts

11th September 2009 at 01:00

Your article in FE Focus ("MPs fear for colleges with more debts than income", July 31) referred to a general anxiety regarding further education colleges' loan contribution to their capital projects. Specifically, you cited Middlesbrough College having a loan commitment of 99 per cent of income, information derived from the Learning and Skills Council college accounts 2007-08.

I must point out that a simple phone call would have provided you with the information that this was, in fact, a bridging loan pending land sale receipts. The college, having received these, is in the happy position of having completed a relocation from four campuses to a single state-of-the- art campus, and with no debt whatsoever.

In fact, the college is in the enviable situation of generating surpluses that are significant enough to enable us to invest further in our students' futures.

John Hogg, Principal and chief executive, Middlesbrough College.

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