Bid failure costs college �2m
It has been revealed that North Hertfordshire College s failure to secure funding for redevelopment of its Hitchin campus has left it �2m out of pocket. The college had applied for �45m of government money to build two academies of sport and creative
It has been revealed that North Hertfordshire College's failure to secure funding for redevelopment of its Hitchin campus has left it �2m out of pocket.
The college had applied for �45m of government money to build two academies of sport and creative industry on the site, but was told on Friday that it had failed in its bid.
The Government's Learning and Skills Council announced that the college, which had spent �2m on developer plans for the campus, had failed to make the last 13 from over 180 projects considered across the country.
The college had faced an uphill struggle since March when the Government announced a drastic cut in the available funding from its Further Education Capital programme.
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A spokesman for the college said it hoped to recoup �1m of its outlay from the LSC.
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