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.
In November 2020, the Government issued the college with a financial notice to improve. At the time, the Education and Skills Funding Agency said the intervention was "triggered by our ongoing concern over the college's serious cash flow pressures".
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.
