FE trebles its debt in four years

Debt levels in further education trebled from Pounds 49.6 million in 1994 to Pounds 162.2 million in 1997. This year's Further Education Financial Yearbook published this week by Noble Financial Publishing shows that Welsh FE experienced the largest year-on-year increase in debt over the four years with 78 per cent. It is followed by 61 per cent in the northwest, 62 per cent in the southwest and 59 per cent in Scotland. Midlands colleges had the smallest debt rise, with only 12 per cent.