Magazine article Public Finance

Education Promised £11Bn Boost in Building Funds

Magazine article Public Finance

Education Promised £11Bn Boost in Building Funds

Article excerpt

Primary schools and further education colleges are to share in an £11bn capital investment boost over the next five years.

Colleges and schools were understood to be expecting some good news in the Budget, and Chancellor Gordon Brown delivered by extending the Building Schools for the Future programme, launched for secondary schools last year, to primary schools.

Further education colleges will also receive £1.5bn of capital investment over five years.

Almost 9,000 primary schools are to be renovated in a £9.4bn, five-year scheme. Funding will increase from £1.6bn in 2005/06 to £2.3bn in 2009/10, eventually matching the current £2bn a year scheme for secondary schools.

Local authorities will be central to this boost. However, if the scheme mirrors the BSF it will depend on private sector involvement, which will anger the unions.

Local education authorities are expected to form partnerships with recommended companies, including Capita, Atkins and Mott McDonald. …

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