We also have a CC opening in the town (2 miles away from us) so our position is similar to yours. It is mutually beneficial for both the school and us. The Preschool would have collapsed and the school would have had to have a class of YR 1 and 2.
The head would like to use our funding money, but that’s OK, they do supply all our equipment etc. Anyway, we will see what the big bosses say on Monday!