THE Henley College has come through the financial crunch successfully, says the departing principal.
Tom Espley, who announced his retirement last week, said the college had faced “challenging” times since 2011 when it faced having to cut an estimated £1 million from its budget.
Mr Espley said: “Everyone in the public sector realised that expenditure had to be controlled in a period of austerity.
“The impact on the college and all colleges has been significant but we have always said that we would protect teachers and learning as far as possible.
“It has been tough but we have survived the challenge and we have been financially outstanding despite all of the cuts, according to the education funding agency.”