Nottingham College bosses say the institution has now "stabilised" its finances - and they have shared upcoming plans for the organisation. The college is one of the largest in the country, with more than 20,000 students, around 1,200 members of staff and more than 300 courses taught.
The college had also been told that it required improvement following an inspection by Ofsted in 2020. However, the most recent Ofsted inspection in November last year rated the college as 'good' - and bosses there have said its financial situation has now improved. A spokesperson for Nottingham College said: "The work we've done over the last 18 months to stabilise our finances, provide for improvements and efficiencies in our estate and prioritise investment in the quality of our curriculum offer means that not only have we achieved an improvement in our Ofsted grade, but we have implemented, and continue to deliver, a financial recovery plan that sets us on course for a positive financial future.
The college's science department has also recently secured more than £1million in funding from the Office For Students, which is a funding body for higher education. The funding has gone towards providing top-of-the-line equipment at the college which is primarily only used by professionals and universities.
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