Today, I am confirming £2.2bn of capital funding to maintain and improve the condition of the school estate and to create new school places. Funding allocations were published on 15 April 2020. This investment will support the Government’s priority to ensure that every child has the opportunity of a place at a good school, whatever their background.
As part of our investment of £23 billion in the school estate by 2021, we have now announced over £1.4 billion of condition funding for the financial year 2020-21. This package includes:
- £800 million for local authorities, large multi-academy trusts and academy sponsors, and dioceses, and other large voluntary aided school groups, to invest in maintaining and improving the condition of their schools.
- Over £400 million available through the Condition Improvement Fund for essential maintenance projects at small and stand-alone academy trusts, voluntary aided schools and sixth-form colleges.
- Over £200 million of Devolved Formula Capital allocated directly for schools to spend on capital projects to meet their own priorities.
In addition, we have announced nearly £750 million of new funding to create new school places needed for September 2022. This funding, which is over and above our commitment to invest £23 billion in the school estate by 2021, will allow local authorities to plan ahead with confidence, and to invest strategically to ensure they deliver good school places for every child who needs one.
This funding was announced on 15 April 2020. Full details have been published on the Department for Education section on the GOV.UK website.
This statement has also been made in the House of Lords