The Department for Education has confirmed plans to “possibly” introduce its own loans scheme for colleges after restricting the sector from commercial borrowing, as officials seek to reassure leaders over their “at risk” capital projects.
Colleges have had to gain special and rare permission to borrow commercially since November 29, 2022, when the Office for National Statistics changed their classification from private to public sector.
The overnight ruling has put numerous capital projects in jeopardy, as previously reported by FE Week.
