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Will there be any capital funding available for new schools? Where will it come from and how much will it be?

The Government has said the following for the period from now until March 2011:

 

"We will reallocate from the Harnessing Technology Fund to restart the Standards and Diversity Fund which was established in 2008 to promote new schools.

 

Many schools will be able to find premises to rent. For those projects that may require an up-front capital outlay, we will work with the proposer to ensure that there is a strong value-for-money case to support the investment.

 

For all proposals for capital funding, we would expect proposers to show how their planned approach

  • supports the education aims of the school
  • meets the policy aim of increasing parental choice
  • provides the flexibility, where necessary, for the school to grow and develop over time
  • provides value for money including in relation to local benchmarks for rental and/or refurbishment costs."

 

The fund is £50 million.

 

There is a full review of all DfE capital spending projects underway.

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Funding