03/03/2009 - 10:48

Navitas strikes deal to open UK college

03/03/2009 - 10:48

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Navitas has executed an agreement to open its sixth college in the United Kingdom which will open in September this year.

Navitas has executed an agreement to open its sixth college in the United Kingdom which will open in September this year.

In a statement, Navitas said it will establish the Plymouth Devon International College after executing the agreement with University of Plymouth.

The college will offer pre-university and pathway programs for students seeking to gain admission to the university's academic programs.

Navitas will operate the college.

"The new college is expected to open in September 2009 and follows the establishment of new Navitas colleges in England and Wales last year and will be the sixth Navitas college in the United Kingdom," chief executive Rod Jones said.

As is the case with other new colleges, Navitas anticipates that it will take 18 months before the college reaches operational break even.

Costs will be incurred in the period before the college opens in September however Navitas said it is not expected to exceed GBP 200,000 ($A443,891) in the 2009 financial year.

The latest agreement comes nearly two weeks after Navitas agreed to establish International College Portsmouth with the University of Portsmouth in the UK.

Navitas also operates the Cambridge Ruskin International College, Hertfordshire International College of Business & Technology, International College Wales Swan and the London International College of Business & Technology, all in the UK.

 

 

 

The announcement is below:

 

 

Global education services provider Navitas Limited (ASX: NVT) is pleased to announce the execution of a Recognition Agreement with the University of Plymouth for its new Plymouth Devon International College (PDIC).

The college will offer pre-university and pathway programs for students seeking to gain admission to the University's academic programs.

Chief Executive Officer Rod Jones said the new campus was part of the Company's strategy to expand Navitas' footprint in growth markets.

"The new college is expected to open in September 2009 and follows the establishment of new Navitas colleges in England and Wales last year and will be the sixth Navitas college in the United Kingdom," Mr Jones said.

"We expect that the high quality programs offered at the University of Plymouth will ensure excellent academic outcomes and strong student enrolments at PDIC.

"This will deliver on our dual objectives of providing first-class educational services and experiences to students in conjunction with leading universities and from that driving value for our university partners and our shareholders."

University of Plymouth Vice-Chancellor Professor Wendy Purcell said the Agreement with Navitas was an outstanding opportunity to expand avenues of entry to academic courses at the University, which is the fifth largest in the UK.

"The University of Plymouth prides itself on being the enterprise university, distinguished by excellence in teaching and learning and world-class research and we consider Navitas' innovative educational pathways are a great fit with our leading education approach.

"We have always embraced the opportunity to enhance and further develop our engagement with students and we welcome Navitas as a partner in that process."

The management of the new college will be similar to those currently operating in the UK, Canada and Australia.

As is customary for new Navitas pathway colleges, it is anticipated that it will take 18 months before PDIC reaches operational break even. Costs will also be incurred in the period before the college opens in September 2009; however these are not expected to exceed GBP200,000 in the period from now until 30 June 2009.

PDIC will be operated by Navitas and will develop a range of services and courses to be approved by, and transferable to, the University of Plymouth.


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