Further Education: Finance

Department for Education written question – answered on 27th September 2022.

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Photo of Bridget Phillipson Bridget Phillipson Shadow Secretary of State for Education

To ask the Secretary of State for Education, whether he has had discussions with further education college principals on the adequacy of the level of college budgets in autumn 2022.

Photo of Andrea Jenkyns Andrea Jenkyns The Parliamentary Under-Secretary of State for Education

The department is in continual dialogue with the Association of Colleges (AoC), which is the representative body for Further Education Colleges, most recently over the summer when senior officials met with the AoC Chief Executive regarding college finances.

We also have an established process for monitoring college financial resilience, which includes colleges submitting financial forecasts to the department on an annual basis.

In addition, to better understand the energy cost pressures colleges are facing and the potential impact of this, we sent out a short survey for colleges to complete and return and we are analysing the information with a view to determine next steps. We will use the information from this survey alongside the recent announcement regarding the Government Energy Bill Relief Scheme to support colleges with the energy cost pressures.

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