Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to the newest version of your browser.

Your browser appears to have cookies disabled. For the best experience of Construction News, please enable cookies in your browser.

Welcome to the Construction News site. As we have relaunched, you will have to sign in once now and agree for us to use cookies, so you won't need to log in each time you visit our site.
Learn more

Osborne to reveal £5bn for capital projects including schools

George Osborne is set to raise £5 billion for capital projects – including £1bn for free schools and academies, it has been reported.

The chancellor is set to reveal a spending squeeze in tomorrow’s autumn statement, to fund new schools, along with transport and science schemes.

It will be done by asking departments to save an extra 1 per cent next year and a further 2 per cent the following year.

It has been reported that £1bn will be released to build 100 new free schools and academies.

Front line services will be shielded, according to the BBC.

It comes after a new PFI model emerged this morning, with a hospital in Birmingham and the MOD accommodation set to benefit.

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.