The current proposal is to close Raine’s and expand Oaklands. If it does not go ahead the LA would still need to find a way to solve the problem regarding the school’s current financial position.
Currently there appears to be no reasonable prospect of recovery for this school. A substantial increase in pupil numbers at this stage is unlikely to secure Raine’s future as it would still not generate the level of income required to address the school’s funding shortfall, repay its increasing licensed deficit and thereby enable it to reach a financially sustainable position. If Oaklands is not expanded the LA would have to consider how the overall need for school places in the borough is to be met.