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Southampton City College ordered to improve finances

The future of a cash-strapped college is hanging in the balance as it has been told to improve its finances.
Southampton City College's accounts revealed its deficit rose to £1.65m last year.
The Education and Skills Funding Agency (ESFA) which is financially supporting the college said it must find a "long-term solution" to its funding issues.
The college said it aims to merge with a sixth form college to reduce its costs.
The further education college, caters for 16-to-18-year-olds as well as adult learners and has about 5,000 students.
Its financial report revealed its deficit had grown by £1m in 2018-19 and a £500,000 overdraft facility had been removed by Santander bank, according to the Local Democracy Reporting Service.
The report showed it had £5.86m of loans outstanding with Santander.

https://www.bbc.co.uk/news/uk-england-hampshire-51589621
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