A major T Level awarding body has written off over £2.5 million because of low student recruitment on the flagship qualifications.
NCFE’s latest accounts, published this week, reveal the charity added the loss to its planned deficit for 2022/23 as an “impairment charge” due to lower-than-expected enrolments on the T Level courses it has developed.
It follows the news that the government’s Institute for Apprenticeships and Technical Education is taking steps to make the next wave of T Level licenses “more commercially attractive” for awarding organisations as low student numbers and high development costs are leaving awarding organisations out of pocket.
Kris Todd, NCFE’s chief financial officer, told FE Week the write-off was a “prudent” step to accurately reflect the value of T Levels on the organisation’s books.
