MERGER RESOLUTION – ACCRINGTON AND ROSSENDALE COLLEGE
Following a very positive response to our earlier consultation and subject to final confirmation of a successful bid to the Restructuring Fund the College Corporation proposes to take the following resolution at a special meeting on the 28 November 2018.
- publication of the results of a statutory consultation exercise undertaken by the Corporation of Accrington and Rossendale College (as required under The Further Education Corporations (Publication of Proposals) (England) Regulations 2012);
- the carrying out of legal and financial due diligence exercises in respect of the Corporation of Nelson and Colne College;
and subject to:
- confirmation from the Chair of the Corporation and Interim Principal that satisfactory resolution has been achieved to negotiations with the Transaction Unit around the future funding of the merged colleges.
The Corporation of Accrington and Rossendale College hereby RESOLVES to merge with the Corporation of Nelson and Colne College, with the Corporation of Accrington and Rossendale College dissolving at 0:01 am on 30 November 2018 and with its property, rights and liabilities transferring immediately before that time to the Corporation of Nelson and Colne College.
Please note that the merger date remains subject to change.