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Further education colleges: financial intervention and exceptional support
Actions BIS and the Skills Funding Agency will take to protect learners when a further education college seeks exceptional financial support.
This document sets out revised policy on the steps the Department for Business, Innovation and Skills (BIS) and Skills Funding Agency will take to protect learners where a further education college is encountering financial difficulties.
This updated guidance includes information on the:
- importance of good financial management
- impact on a college when they seek exceptional financial support
- decision making process
- relationship with area reviews