Private school cites VAT change for closure
The governing board for Our Lady's Abingdon (OLA) in Oxfordshire said the decision had been taken "only after exhausting every possible option to secure the schools' future".
It cited "a range of economic pressures" and said governors of the independent had explored "every possible avenue to avoid closure" in the recent months.
The government had said adding VAT to fees would raise £1.8bn a year by 2029/30 to invest in public services, "including the state education system".
At the time of the announcement, the school had 368 pupils, despite a capacity of 540.
"Extensive talks took place with other schools and organisations, with the hope of securing a merger or acquisition," the statement said.
It added that even though there had been "genuine optimism" for a solution, "those talks broke down last week, leaving no viable path forward".
The board listed "mainly the introduction of VAT on school fees, higher National Insurance contributions, the ending of business rates relief for independent schools, and rising operational costs" as the factors behind the closure.
It added that despite limiting fee increases, "affordability has become a growing concern for an increasing number of families".
"This has led to a sharp decline in pupil numbers in recent months, threatening the school's short and long-term viability," it continued.
The school said it would focus on supporting families in securing alternative school places in Oxfordshire, assisting staff through the redundancy process and helping them find new employment.
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