Govt announces a £6bn funding boost for British schools

March 6th, 2015 Category: Schools

More investment is being channelled into schools across the country, it has been revealed.

It has recently been announced that around £4 billion of schools capital funding will be made available to educational facilities for the next three years.

Furthermore, the government revealed that it will spend roughly £2 billion on the second installment of its Priority Schools Building Programme (PSBP).

The extra funds are expected to benefit some 227 schools across the country. Furthermore, the initiative will also see 537 schools refurbished or rebuilt.

The government has recently announced that schools including Whitmore Park Primary in Coventry, Ian Ramsey Secondary School in Stockton, and Garston Manor Special School in Watford are now open following multi-million pound rebuilds.

Furthermore, an additional £4 billion would also be allocated between 2015 and 2018 to help schools, local authorities, academy trusts, and voluntary-aided partnerships improve the condition of schools across the country.

According to the Department of Education, the three-year timeframe will mean that school leaders will have more financial security and that it would be targeted at schools with the greatest need.

Speaking about the developments, education secretary Nicky Morgan said: "As part of our long term economic plan, we have continued to invest in school buildings which will ensure we can deliver even more great new schools, transform the learning environment for tens of thousands of pupils and their teachers whilst delivering value for money for the taxpayer.

"We’re also making sure, for the first time, that every local area can benefit from more funding certainty, so that local councils, academy trusts and voluntary-aided partnerships can plan ahead and make the right investment decisions that will deliver the best possible value for their schools."

Last month, Nicky Morgan and Chancellor George Osborne also announced that an additional £10 million will be made available for under-performing schools in the north of England.

This will enable academy chains in the north to take-over underperforming state-run schools.

In addition, ministers outlined plans to build a new technical school in Newcastle that will see thousands of young people in the area trained as IT and healthcare science experts.

The Northern Futures UTC will cater to up to 600 students a year and  is set to open in 2017.

Commenting on the findings, chancellor George Osborne said:"The long-term economic plan for the North East that I’m setting out today is all about boosting the economy and creating jobs. Supporting skills and training is a key part of that, and that starts with ensuring young people in the north of England get the best education possible."

The developments coincide with a recent announcement from the Scottish government, which revealed that it will be channelling £21 million on primary school projects in the country.

The money will go towards construction and refurbishment in Dundee, East Renfrewshire and Argyll and Bute.

This additional funding is part of the Scottish government's £1.8 billion Scotland's Schools for the Future programme.

Furthermore, the funds are expected to boost the local economies and create apprenticeship opportunities.