Wednesday 8 March 2017

Budget: More schools and pinch points funding

The Treasury is to pump an extra £536m into building new free schools and maintaining existing schools in England

It will also release an extra £220m to tackle congestion on the roads, funding a raft of pinch point projects.

Philip Hammond confirmed a one-off payment of £320m for 140 new free schools, on top of the 500 schools already pledged to be created by 2020.

Of these 140 schools, 30 will open by September 2020 and count towards the government’s existing commitment.

The Government is also releasing a further £216m for school maintenance, taking total investment in school condition to well over £10bn over the Parliament.

His funding announcement comes just weeks after a spending watchdog warned that the Government is pouring billions into building new free schools in England, while existing state schools are crumbling due to lack of repairs.

The National Audit Office said £6.7bn was needed just to bring all existing school buildings up to a “satisfactory” standard, with a further £7.1bn required to restore them to a “good” condition.

The Chancellor also handed out £220m of extra National Productivity Investment Fund for pinch points on the strategic road network.

Details of individual schemes will be announced in due course by the Department for Transport.



from Construction Enquirer http://www.constructionenquirer.com/2017/03/08/budget-extra-cash-for-free-schools-and-pinch-points/

via Tumblr http://ndbasilica.tumblr.com/post/158150337364

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