Chief secretary to the Treasury Danny Alexander has announced a commitment to invest more than £21bn in schools over the course of the next parliament.
Among the plans for the investment is the commitment to rebuild 261 schools by 2017 as part of the Priority School Building Programme, two years earlier than planned.
The chief secretary said: “Some buildings simply aren’t good enough. So we are re-building 261 of the worst schools as part of the Priority School Building Programme – with the money I’ve committed today we’ll complete this by 2017 – two years early.
“But there are many other schools in need of repair and investment. We’ll put £10bn behind this, enough to clear the urgent backlog. We’re investing to create a million new school places in a decade across the country, including in Lancashire, Leeds and London.”
The fund is also earmarked for the building of up to 180 free schools, 20 studio schools and 20 university technical colleges in 2015/16, announced yesterday by chancellor George Osborne, along with addressing essential school maintenance needs and building more than 500,000 primary and secondary school places.
The spending review document revealed that in real terms the capital expenditure for the Department for Education is to be cut by 1.7 per cent in 2015/16.