Forth Valley College Alloa campus at risk

Forth Valley College could close their Alloa campus.

The college say the current three campus model is "no longer financially sustainable".

They're blaming drops in public funding, as well as rising costs.

A final decision is expected later this month.

Options being considered by the college include sale and leaseback of the building, retaining ownership and leaseback of parts of the building, and selling part or all of the campus.

The college, which also has campuses in Falkirk and Stirling, currently employs more than 600 staff and enrols more than 12,000 students each year on a range of academic, vocational and training courses.

Principal Kenny MacInnes said: “It is with great regret that I have to announce that we are having to consider some significant changes regarding our three-campus estate and in particular our Alloa campus.

“I want to emphasise that no final decisions have been made at this stage.

“This follows months of dedicated effort, during which we have explored multiple possible options to secure a positive outcome.

“However, the college’s current financial position – driven by continued flat-cash funding, rising staff and maintenance costs, and a reduction in credit delivery – has left us with no choice but to explore a range of options.

“These steps are being taken to safeguard the long-term financial sustainability of the entire college.

“My senior management team and I are fully committed to finding the best possible way forward in what is an incredibly difficult situation.”