AN APPEAL has been launched to reimburse Cowes Enterprise College for hosting Island Con after the company behind the event went bust, leaving the school out of pocket.

Following the convention, held at the school last month, Alliance Conventions admitted the event had chalked up huge losses and was unable to pay its creditors.

The company, which blamed the collapse on a 'campaign of negativity' on social media, said: "Remaining owed creditors will have payment plans set up with them and will be contacted by a company representative.

"Any outstanding claims can be tendered to Alliance Conventions through the official insolvency channels once that process is taking place."

After Cowes Enterprise College principal Rachel Kitley said the money had been earmarked for new books, however, former student Dan Bailey has taken matters into his own hands.

Launching a Go Fund Me appeal, he said it was difficult enough for schools to balance their books following budget cuts.

"Schools are trying everything they can to raise additional funds for educational resources. Cowes Enterprise College did just that, taking the chance on working with Alliance Conventions to put on the Island Con event," he said.

"Unfortunately, the event bombed, Alliance Conventions are now insolvent and the school is out of pocket.

"Regardless of who is at fault, the students shouldn't have to suffer for it.

"As a former student of Cowes High School — and someone realising that if we want something done properly, we should probably do it ourselves — I say dig deep, give what you can, share this post and let's get these kids some books."

The appeal has so far raised £280 towards its £1,000 target.

Donations can be made here.