Magazine article Public Finance

LSC Uses Consultants to Save College Building Scheme

Magazine article Public Finance

LSC Uses Consultants to Save College Building Scheme

Article excerpt

A cash-strapped government quango is poised to pay private consultants more than £400,000 to rescue part of its beleaguered college rebuilding programme.

The Learning and Skills Council, which is due to be abolished in less than 12 months, will employ both PricewaterhouseCoopers and property consultants Lambert Smith Hampton after the Treasury promised an extra £300m per year for schemes put on hold by further education colleges.

The LSC s national council is due to meet on June 3 to decide how to allocate funds among 144 colleges that were left in limbo when the Building Colleges for the Future programme was suspended in December.

PricewaterhouseCoopers will help the LSC to develop a scoring framework to assess the merits of each project, while Lambert Smith Hampton will identify which colleges are in a position to get building work under way quickly. Total fees are expected to be about £350,000 plus VAT. …

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