This is one of a series of guides issued by the Education and Skills Funding Agency (ESFA) following the decision of the Office for National Statistics (ONS) in November 2022 to classify the English further education (FE) college sector as central government.
Colleges can dispose of fixed assets without DfE’s approval. This is subject to:
- the proposed disposal not being novel, contentious or repercussive, and
- maintaining the principles of regularity, propriety and value for money.
However, there are restrictions regarding how a college may use the proceeds of any fixed asset disposal, depending upon the type of asset.
The guide can be accessed here.