A college fighting for survival is selling off land and a historic mansion to make way for houses in a deal worth around £45 million, FE Week understands.
Leaders at Brooklands College, which has failed to file accounts for the past three years after being stung by a £20 million apprenticeship scandal, claim that the new venture will ensure the college’s financial security going forwards.
The college has teamed up with housebuilding company Cala Homes to undergo a “resizing” project which involves redeveloping its Weybridge campus.
The college has remained tight-lipped about exactly how much land and property will be released, but a spokesperson said most parts are ex landfill sites and surplus to requirements.
