Governors of Immanuel College have today confirmed their approval of a £13 million rescue plan to ensure that the modern Orthodox private school in Bushey will continue.
Due diligence checks were carried out over the past week since the rescue package was dramatically announced last Friday – just ten days after parents had been told it would close at the end of term.
London-based education entrepeneur Aaron Etingen, head of Global University Systems, which runs 30 higher education institutions across the world, is to step in as chairman of governors to oversee the restoration of the college.
The JC understands that the new leaders are proposing to offer a £5,000 discount on fees next year and freeze them at this year’s level of £29,700 the following year. Parents who put down deposits at other schools but now choose to keep their children at Immanuel will have these refunded, it is understood.
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