Critchlow In A Good Financial Position Despite No Subvention
It is now close to one year after the re-opening of the Critchlow Labour College and despite the institution no longer receiving an annual subvention from the Government; it has managed to undertake some major projects. At the moment there are massive rehabilitation works being done to the building and the construction of a new library. According to Principal of the College Ivor English, so far the institution has spent in excess of $20M to stay afloat.
English, who further said that over the last year, it was no easy sailing and an act of faith, added that the institution was able to meet its basic operational expenses with the financial support of a few donors and stakeholders.
English further disclosed that the institution is currently in the process of talking with a number of overseas educational institutions, some of which have already signaled their interest in coming onboard with the college as early as April of this year. He said once these talks succeed Critichlow will be fully back on its feet again.
Government had withdrawn its subvention from the college more than three years ago, calling for a revamping of the system and more accountability. The annual subvention stood in the vicinity of $32M.
This move by the administration however forced the college to close its doors in 2009, leaving scores of students and workers who used the facilities in limbo.