Published: 07/03/2010 07:00 -
Updated: 06/03/2010 21:47
Bedford College has recouped £600,000 of the money it feared was lost in the Icelandic Bank crash.
The College had £1.95m lodged with the Heritable Bank when it went bust 19 months ago.
The College had £1.95m lodged with the Heritable Bank when it went bust 19 months ago.
However, apart from the money received so far it expects to receive an unspecified amount in July this year. A spokesman said: “To date it has received £0.6 million back and expect further payments with the next one scheduled for July 2010.
"Overall it expects to receive back about 80 per cent of the funds. At our year end in July 2009 the college decided to take a prudent view on the amount to be recovered, but even taking that into account the college showed a small operating surplus and remains one of the financially strongest colleges in the sector having been graded “outstanding” again in its latest external assessment last month.”
BEDFORDSHIRE NEWS HEADLINES
BEDFORDSHIRE SPORT HEADLINES
UK & WORLD NEWS HEADLINES
UK & WORLD SPORT HEADLINES
Read the latest Bedfordshire news and local headlines in Bedford brought to you by Bedfordshire On Sunday. Read through the breaking Bedford news stories live on our website, alongside topical local news from across Bedfordshire. Bedfordshire On Sunday is updated daily with the latest news, views, sport and leisure from in and around Bedford. Voice your opinions by commenting on the news articles and engage in a discussion on local news in Bedfordshire online now. You can access Bedfordshire's local news online 24/7 from any part of the world to keep yourself updated on the latest happenings in Bedfordshire. You can also subscribe to Bedfordshire On Sunday's RSS feed for the latest news articles fed to you automatically, while on the go.
