CLAIMS that Yale College has squandered money and funding opportunities as it saw a financial crisis looming have been strongly denied.
As negotiations continue over potential redundancies and various financial cutbacks at the college caused by a £500,000 funding shortfall, an anonymous letter, believed to be from a disgruntled employee, claimed Yale:
Rented inflated price office space at Roxburgh House six months ago
Handed back £1m of European Social Fund Objective One money to the Welsh European Funding Office
Lost an army education programme contract worth more than £1m to a sub-contractor
Offered 'enhanced' payments to managers who took voluntary redundancy in the last two years.
This week principal Paul Croke said the claims were unfounded. 'The college took on extra space at Roxburgh House about a year ago,' he said.
'The extra space allowed us to further develop our Beacon Award winning Digital Storytelling facility.
'The space will allow the development of programmes such as ESOL and Access to Higher Education in the next few years. The rent agreed was not inflated and Yale College management never handed back £1m of ESF Objective One Funding to WEFO.
'We have a positive and profitable partnership with ACE2000, the training company which delivers the Army Preparation Course.
'There have not been any enhanced payments made to managers leaving the college over the past two years.'
He added: 'We are still holding constructive talks with the college unions and hopefully by working together we can come to an amicable agreement on the way forward.'