A college has been ordered to work with the FE commissioner to improve its financial health.

North Warwickshire and South Leicestershire College has been issued with a financial health notice to improve by the Education and Skills Funding Agency (ESFA).

A review of the college’s finance plan was carried out by the ESFA in July, and the college was deemed to have inadequate financial health.

Recovery plan

The notice to improve puts the college into scope for a referral to the FE commissioner for an independent assessment of the college’s “capability and capacity.”

The college, which was last inspected by Ofsted in April 2012 when it was found to be “good”, has around 10,000 learners on courses from pre-entry to higher education.

The college must now hand over information to the FE commissioner and his advisors so a draft financial recovery plan can be prepared and shared.