Funding For The Merger
It was assumed that the primary funding body for Further Education in England, The Learning and Skills Council, had allocated a capital grant to help fund the merger. Although no actual figure was published, an article that appeared in the Yorkshire Evening Post in December 2006 spoke of up to £200 million being made available.
However, news hit the headlines in spring 2009 of a serious and unexpected financial deficit within their national Building Colleges for the Future program, from where the grant would normally have been allocated. This has cast doubts on how just how much money (if any) will be made available for this merger, and when it would be released.
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