This booklet examines the partnerships that two British further education (FE) colleges have formed with private-sector firms since the incorporation of FE colleges in April 1993. Described first is the partnership arrangement between Guildford College and a private-sector catering firm that began with sharing of the costs of renovating and refurbishing the college canteen and that has since allowed both partners to share the profits from the catering firm's supplying students with the types of food the students actually want. The second half of the booklet discusses the partnership between St. Helens College and the pharmaceutical firm SmithKline, which donated an unwanted manufacturing complex consisting of a factory, landmark building, and parking lot to St. Helens. The college is working to convert the complex into a technology center by doing the following: converting the landmark building into offices; adapting the factory units to incorporate the college's schools of art, media, and design; establishing a research and development wing to develop a transfer technology center; establishing an open learning/resource center; relocating the student refectory and social areas; and developing information technology to provide videoconferencing, a cyber cafe, and Internet access. (MN)