
North Warwickshire and South Leicestershire College has lodged its appeal to gain planning permission for a housing development on its Nuneaton site.
The college wants to sell a portion of its Hinckley Road campus so it can invest in facilities.
The plan is for a residential development of up to 195 dwellings with an all-weather sports pitch and car parking of up to 400 spaces.
Marion Plant, chief executive at NWSLC said: “The college is at a crossroads. We need the funds from this redevelopment to change the campus facilities so that we can keep pace with demands to provide a world-class, skilled workforce in a safe, modern and well-equipped environment.
“We are appealing because there are no other, timely, alternatives to provide sufficient funds to sustain our virtuous circle. First you establish high teaching standards. OFSTED has recognised we’re already achieving those. That means you attract more students and more staff who reach ever higher so that students fulfil even more of their potential and get great job opportunities and life chances. But the foundation to all of this is an environment which fosters excellence. Outstanding facilities – great buildings, facilities and resources – help us deliver outstanding student results.
“In common with colleges across the country, we have seen a 30 per cent reduction in funding over the past 10 years. We know the government expects colleges to be responsible for their financial health. With the introduction of the insolvency regime, colleges like us, must invest in our future by using our own reserves or generating cash."