Date lodged: 2 November 2016
To ask the Scottish Government, further to the answer to question S5T-00150 by Shirley-Anne Somerville on 1 November 2016 (Official Report, c. 3), what the impact on students and staff will be of the reports that more than three quarters of colleges are in deficit.
Answered by: John Swinney 22 November 2016
College deficits are largely due to technical matters (e.g. use of depreciation funds) or one-off items (e.g. college restructuring costs, property asset valuation reductions).
The number of colleges recording and forecasting operating deficits each year is fairly constant.
The Scottish Funding Council works closely with colleges and regional strategic bodies to ensure that deficits are kept to a minimum and operational activity, including any impact on Students and Staff is not adversely affected.