Wednesday, April 22, 2009

Budget: Good news for colleges shock

As well as £250m in extra funding for Sixth Forms, the Budget Report has tucked away on page 120 some good news on helping to resolve the Building Colleges for the Future crisis:

The 2008 Pre-Budget Report brought forward £442 million in total from 2010-11 to 2008-09 and 2009-10 to accelerate the Learning and Skills Council’s (LSC) Building Colleges for the Future programme, to support Higher Education (HE) building projects and to bring forward the development of scientific research facilities and improvements to universityresearch infrastructure. In 2008-09, over 100 Further Education (FE) college building projects were completed as a result of nearly £550 million of investment, of which £110 million had been brought forward as part of the fiscal stimulus. Building on this, Budget 2009 announces an additional £300 million of capital funding for investment in Further Education colleges in the 2007 Comprehensive Spending Review (CSR) period. This will enable the Learning and Skills Council to fund a limited number of further projects through the Building Colleges for the Future programme starting in 2009-10, based on prioritisation criteria to be agreed with the LSC and the sector.

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