It would be subject to due diligence, regulatory checks and a firm financial commitment.
Aaron Etingen, chief executive of Global University Systems (GUS), is to be the incoming chair who will oversee the plan to maintain the college.
He said: “We are truly delighted to support Immanuel College at such a pivotal time. This is more than an investment in a school, it is an investment in the future of Jewish education and community life in London and across the UK. Immanuel has a strong foundation and enormous potential, and I am committed to working with the team to build something enduring, ambitious and exceptional for generations to come.”
GUS, which launched the London School of Business and Finance in 2003, specialises in higher education and vocational training with campuses across the world including in Tel Aviv. It serves 170,000 students in 30 institutions and reaches another 20 million online.
Helping to save Immanuel: Aaron Etingen[Missing Credit]
Daniel Levy, the school’s current chair of governors, said: “Today marks a profoundly important moment for Immanuel College. What has been achieved is the result of extraordinary determination, belief and collective effort from so many who care deeply about this school and its future. We are immensely grateful to everyone who played a part in securing this outcome, and confident that Immanuel will now go from strength to strength in the years ahead.”
The college said: “Our priority is to provide clarity and certainty for the future of the college at the earliest opportunity.”
It expressed “profound gratitude” to the Sheldon, Teacher and Salem families, Elena and Yakir Gabay, the Wolfson Family Charitable Trust, Keren Meromim, the “Save Immanuel” group, Chabad and in particular the Duchman family as well as the many benefactors “whose extraordinary efforts have been instrumental in securing this outcome”.
The college said: “This marks a significant milestone and it is also the beginning of the next chapter. Significant funds have been committed to continue and, indeed to accelerate the necessary work to build on Immanuel’s successes and enable the school to excel in the future.
“There remains a vital place, and need, for a strong, independent Jewish school for our community. Immanuel can once again be that school.”
Sources earlier told the JC that £12.7 million had been pledged by supporters.
The current governing body will remain in place while the new lay leadership team is being established.
