Guidance

Further education area reviews: funding to restructure colleges

Guidance and forms for further education colleges to apply for financial support from the government's restructuring facility.

Documents

Details

The guidance and application forms are for further education colleges that:

  • need to make major changes following an area review recommendation
  • cannot fund it themselves

It’s not for sixth-form colleges - restructuring is part of the process of becoming an academy.

Applications for the restructuring facility have now closed.

Restructuring facility: progress to date

As at end September 2018

We have received 76 applications for the restructuring facility. This includes 30 applications from 31 sixth form colleges expressing plans to convert to academy status, the majority of which have not been allocated any funding to support this conversion. We have received 46 applications to support restructuring within the college sector.

23 applications which include funding to support restructuring have been approved to date. From the restructuring facility, up to 21 colleges have been approved to receive compensatory VAT funding if the liability arises and funding has been provided for transition grants.

The total allocation of restructuring facility funding is approximately £330m. Total spend so far is approximately £226m.

We have now published case summaries of providers that agreed restructuring facility funding prior to 31 December 2017 – for more information see Annex C in the guidance above.

Published 26 May 2016
Last updated 26 October 2018 + show all updates
  1. We've updated the restructuring facility: progress to date information.
  2. Updated restructuring facility: guidance for applicants.
  3. Updated restructuring facility: guidance for applicants.
  4. Annex C - case summaries of providers that agreed restructuring facility funding prior to 31 December 2017 added.
  5. Updated the guidance for applicants with the inclusion of principles (pages 6-7) which will be used by officials and a reminder that the deadline for final applications is 28 September 2018.
  6. Added information about the restructuring facility: progress to date.
  7. Updated restructuring facility guidance for applicants.
  8. Updated document 'Restructuring facility: guidance for applicants'.
  9. Updated document 'Restructuring facility: guidance for applicants'.
  10. Updated restructuring facility guidance and funding application forms.
  11. First published.