Straightened finances

2nd November 2012 at 00:00

I read with interest Emma Seith's piece on the use of colleges' reserves to help fund regionalisation (26 October).

The table showing colleges' income and expenditure reserves 2010-11 has the former Edinburgh Telford College in deficit by almost pound;10 million. In fact, the college posted a surplus of pound;33 million that year, the largest of any FE college in Scotland.

In keeping with good governance, and in the best interests of our young people and other key stakeholders, the college's reserves assisted the merger of three colleges in Edinburgh leading to the creation of Edinburgh College. The new college will play a pivotal role in the further development of an educated and skilled workforce by better aligning education and skills provision with the demands arising from students and employers in our region.

Jim Donaldson CBE, former chair, Edinburgh's Telford College

Editor: we apologise that owing to a production error, the list of college names was inverted at the last minute. For the correct information, see page 8 in this week's magazine.

Subscribe to get access to the content on this page.

If you are already a Tes/ Tes Scotland subscriber please log in with your username or email address to get full access to our back issues, CPD library and membership plus page.

Not a subscriber? Find out more about our subscription offers.
Subscribe now
Existing subscriber?
Enter subscription number

Comments

The guide by your side – ensuring you are always up to date with the latest in education.

Get Tes magazine online and delivered to your door. Stay up to date with the latest research, teacher innovation and insight, plus classroom tips and techniques with a Tes magazine subscription.
With a Tes magazine subscription you get exclusive access to our CPD library. Including our New Teachers’ special for NQTS, Ed Tech, How to Get a Job, Trip Planner, Ed Biz Special and all Tes back issues.

Subscribe now