1. What next for colleges following area reviews?
Lynne Tabone
Joint Area Review Delivery Unit

2. Recommendations arising from area reviews
Mergers
Federations
Partnerships emerging with HE partners
Apprenticeship companies
Sixth form college academisation
Curriculum change / collaborations
Other local changes around IAG, high needs, schools
No change

3. Implementing Recommendations Early Planning Stage
Working with SFA/EFA Joint Interventions Team
Developing clear plans for:
What? (structures)
When? (timeframes)
How? (key deliverables planning)
Who will do the work? (Capacity for change / expert skills)
Consultation with staff, students, governors, key stakeholders on outline plans
Implementation Guidance: INSERT LINK

4. Transition Grant Application
Within 2 months of final steering group.
Designed to support planning and capacity building.
Provides up to £100k to support and incentivise change planning.
Link to application and guidance:

5. Due Diligence Financial Pre- and post-deal integration planning
IT (systems, leases, equipment, etc.)
Estates
Pensions
Human Resources
Tax
Legal
There will also be a requirement for consultation on the change and to undertake statutory processes.

6. Due Diligence Shared vision Colleges sharing information openly is key
Guidance provides prompts on the scope of due diligence
Link: INSERT

7. Financial Support for Restructure
Applications to Restructuring Facility:
Transaction Unit within SFA to evaluate, challenge and process applications and negotiate with Treasury.
The bar for applications will be high.

8. Restructuring Facility
Applications will require an implementation plan, including:
Curriculum plan
Teaching plan
Estates plan
Learner recruitment strategy
Income forecasts
Costs, and a resultant real operating surplus or deficit (including bank loans and break charges)
36 month cashflow forecast
Ofsted strategy
Backed by evidence-based, bottom up assumptions.
We will also look for change management expertise in the colleges

9. QUESTIONS