Guidance and forms for further education colleges to apply for financial support from the government's 'restructuring facility'.
The guidance and application forms are for further education colleges that:
- need to make major changes following an area review recommendation
- can’t fund it themselves
It’s not for sixth-form colleges - restructuring is part of the process of becoming an academy.
Send your application and supporting documents to firstname.lastname@example.org within 6 months of the final area review steering group meeting.
Restructuring facility: progress to date
As at October 2017 we have received 47 applications for the restructuring facility. This includes 25 sixth form colleges who have or plan to convert to academy status, the majority of which have not and do not expect to receive any funding to support this conversion.
We have received 22 applications to support restructurings within the college sector. Ten of which have been fully approved to date with a total allocation over £120m up to March 2019. A further 4 have received compensatory funding for VAT on change of ownership. Total spend to October 2017 is over £60m.