CHESTERFIELD College chiefs have begun negotiations to close and sell their multi-million-pound Clowne campus to Bolsover District Council.
The college revealed how a combination of factors including a lack of funding a and a limited demand for certain courses had forced them to consider selling the site which opened in 2005 costing £12m.
Acting college principal Trevor Clay said: “The main schools around the Clowne area have been rebuilt and Government funding for recreational courses has ceased.
“We targeted sport, hair and beauty and child care with support for those with learning difficulties but a demand has not materialised.”
He added: “It became clear in the economic climate we could not see a sustainable future for the campus and with current restraints we came to this difficult decision.”
Bolsover District Council confirmed its interest in the campus, on High Street, after announcing plans to sell its Sherwood Lodge offices at Bolsover to Morrisons.
Chesterfield College has given assurances that courses, students and teaching staff will be transferred to Chesterfield and there are no plans for compulsory redundancies.
It aims to reinvest money from the sale into educational provision at its existing sites and will continue to provide free bus travel for commuting Clowne students.
A Bolsover District Council spokesman said: “Morrisons coming to Bolsover will boost the town and if we move to Clowne that will help its economy with our staff and others coming in.”
Bolsover District Council is to make a decision about buying the campus at a meeting on Wednesday.