Leicestershire college in ‘severe financial trouble’ finds merger partner
A Leicestershire college group in severe financial trouble has found a proposed merger partner to secure its future.
SMB College Group is consulting on a partnership with Loughborough College, with the merger expected to be finalised by August 2025.
Last July, SMB received a government warning notice due to serious cash flow issues.
Commissioner Shelagh Legrave later flagged insolvency risks after the group was revealed to be reliant on emergency funding of £4.6m.
After the consultation, both colleges will establish a joi... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
