An embattled college has been handed another tranche of bailout cash to stay afloat as its journey to a long-awaited merger nears its conclusion.
City College Southampton received an additional £3.76 million in emergency funding in 2021/22, according to its recently published accounts, taking the total amount of lifeline financial support to £11.67 million since 2017.
The Education and Skills Funding Agency has also agreed to provide more emergency funding during the current academic year to ensure it can continue operation until its merger, which is planned to take effect from August 2023.
Terms of the grant agreement create a “low probability of conversion to a loan in the future”, the accounts state.
