Staff at Darlington College have been warned the college faces significant cuts to its budget because of a funding shortfall.Print Page
Principal Kate Roe told the 400-strong workforce that saving must be made over the next 12 months .
She said the college’s finances were squeezed because of deep cuts to public spending, particularly in the further education sector, with fewer 16-year olds leaving school and changes to the teaching of English and Maths.
Over the past few years the college has relied on it reserves but Kate Roe has told staff the college needs to make savings of around £1.8m in order to match an anticipated drop in funding from the Education Funding Agency (EFA).
Because of the complex nature of funding streams for colleges, Kate said it was difficult to predict the exact budget position but she wanted to be open with staff and plan for future savings.
“We have to be realistic about our financial position and take the necessary steps now in order to grow the college in years ahead.
“These are very difficult times for the public sector and we all face unprecedented cuts. It’s very much business as usual and our focus remains on giving our students the best possible experience and ensure they get the right qualification and training for their chosen careers,” she said.
“Our students come first and foremost and always will but in line with many other public sector organisations we need to look at our costs and identify savings wherever possible,” she added.
As well as funding from the EFA the college receives funding for teaching Higher Education and for adult skills and apprenticeships.
What is EFA?
Colleges, providers, schools and academies receive annual funding allocations from the Education Funding Agency (EFA) by the Department of Education.
Funding is calculated using the EFA funding formula that incorporates factors including student numbers, student retention, higher cost subjects, disadvantaged students and area costs.
This is supplemented by additional funding for high needs students, bursaries and other financial support awarded to individual students and, currently, transitional protection and formula protection funding to take into account changes from previous funding arrangements.
Institutions are required to supply data returns to EFA in order that their allocation for the following year can be calculated.
For more information, contact Kath MacColl firstname.lastname@example.org