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Eversheds advises on first further education college established in over two decades

  • United Kingdom
  • Global

    05-09-2014

    Law firm Eversheds has advised Prospects College of Advanced Technology (PROCAT) on becoming the first new further education college formed in England since 1992.

    The college, based in Basildon, Essex, will provide cutting-edge technical education through partnerships with the engineering and construction industries, including some of the UK’s leading employers.

    The Eversheds Education team provided all the legal work to allow the set up of PROCAT including its constitution and structuring.

    The Department of Business, Innovation & Skills (“BIS”) was so impressed by Prospects College, which operated as a subcontractor to further education colleges, that it approved it becoming a further education college in its own right. This involved BIS promoting and approving a Statutory Instrument to form PROCAT.

    PROCAT replaces the education provision previously provided by Prospects College in Basildon, Canvey Island and Southend. It will retain the services and staff of Prospects College which is now a wholly owned subsidiary of PROCAT and provides services to it. SFA and EFA funding will also be granted to PROCAT.

    Neil Bates, CEO and Principal at PROCAT, said:

    “Prospects College had been seeking for some time to become a fully fledged further education college. We are delighted that the Department of Business, Innovation & Skills had the confidence in us to support that change.

    “We selected Eversheds because of their extensive experience of further education. We have been very pleased with their excellent service including their accessibility and their pragmatic and commercial approach. They dealt superbly with some novel legal issues and came up with creative solutions which allowed us to progress to incorporate PROCAT.”

    Glynne Stanfield, head of Eversheds corporate education team, said:

    “We are really pleased and proud to have advised PROCAT on this major and novel venture. The legal structure is likely to be of real interest to the further education sector as a whole and will allow significant efficiencies to be obtained. We wish PROCAT every success and look forward to continuing to work with them in the future.”

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    This information is for guidance purposes only and should not be regarded as a substitute for taking legal advice. Please refer to the full terms and conditions on our website.

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