31/01/2013

Belfast Met Has Deficit Of £2.5m

Belfast Metropolitan College (BMC) has recorded deficit of £2.5m for 2011-12.

The Audit Office, the public spending watchdog, found in the six years since it opened the college has run an overall deficit of more than £17m.
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A spokesperson for Belfast Met, the largest further education college in Northern Ireland with several campuses across the city, said: "The legacy of financial challenges facing Belfast Met is well documented; as too is our progress in delivering the changes necessary to ensure the college is placed on a sound and sustainable financial footing.

"As acknowledged by NIAO (Northern Ireland Audit Office), the deficit for 2011-12 has included one-off redundancy costs of £863,000. In total, exceptional costs since 2007-2008 amount to just over £9m. This spend was essential to deliver the changes needed.”

(H)


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