Leeds College of Music ‘dissolved’
Leeds College of Music was ‘dissolved’ on 1 August 2011 by a statutory instrument ‘made’ on 7 July 2011. Its assets, liabilities and undertakings were transferred to Leeds College of Music Limited – a company limited by guarantee formed in April. This company is wholly owned by Leeds City College, a further education college.
More details available here. A news item for Research Fortnight Today.
This represents creeping privatisation as LCM was a ‘higher education corporation’ (like the majority of post-92 higher education institutions) and hence was quasi-public compared to a company limited by guarantee.
Is this the first such dissolution of a higher education corporation?
And will it start a trend?
The ease with which the change became legislation offers a challenge to democratic oversight. Nor does it appear that staff or students had much input into this decision.
More later, once I get some more expert opinions of its significance.
ps It does seem as if this is the first such dissolution.