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NCG Group had a very challenging year which was set against a backdrop of continued significant reductions in public funding. Income in the year was £178.3m generating a surplus of £0.1m. The targets that were set at the beginning of the year were broadly met.

We continue to reinvest our entire surplus for the benefit of our learners and customers. In 2014/15 we have invested £28.9m in capital expenditure including the following:

  • Completion of the refurbishment of Parsons Building at Newcastle College main campus at Rye Hill
  • Completion of the Rail Academy which opened its doors to new students in September 2014

We continue to improve facilities, equipment, infrastructure and technology across all our centres throughout the UK.

For further details, the NCG Annual Report 2014/15 is available from the NCG website.

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