The new regime is one of a number of changes to technical and further education introduced to parliament in October 2016 via the Technical and Further Education Bill. It follows a government consultation that concluded last summer.
Funding to the further education (FE) sector has fallen considerably in recent years, resulting in an increase in financial stress to FE bodies. The sector is also facing increasing competition with the impact of the apprenticeship levy and in-house training.
In 2015, in response to these pressures, the government began a programme of area reviews with the aim of ensuring high quality, sustainable provision capable of meeting the future needs of learners and employees, as well as reducing the potential fo…
Read the full article at: https://www.out-law.com/en/articles/2017/march/a-proposed-new-insolvency-regime-for-the-further-education-sector/
