The provider, Schoolfriend etc, has made at least 300 staff redundant inthe past three months. The charity recorded almost 3m in lossesfor the year ended 30 September 2006. Chief financial officer StephenArgent said that the charity was expecting to gain extended schoolsfunding to keep the clubs open.
'We were developing clubs that were delivering the Government's extendedschools agenda,' said Mr Argent. 'We made our private funding availableon the basis of the Government's vision for extended schools - thatevery school should be an extended school by 2010.'
Schoolfriend etc was founded in 2004 and began widespread expansionacross England and Wales in 2005. It has since received over 600,000 in grants.
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