The new FE insolvency regime is designed to improve the sustainability of the FE sector, says Stephanie Mason, who explains what colleges need to know
On 31 January 2019 the further education insolvency regime comes into force, meaning that for the first time it will be possible for colleges to fail and be placed into an insolvency process. The new legislation, which is similar to the measures introduced last year for private registered providers of social housing, will apply aspects of corporate insolvency law to colleges that are statutory corporations. There will also be a new special administration regime known as education administration, with a special objective to protect learner provision for existing students at an insolven…
Read the full article at: https://feweek.co.uk/2019/01/31/what-does-the-new-insolvency-regime-mean-for-colleges/
