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LSC: College funding could kick in next month

The Learning and Skills Council has insisted that fresh funding could be available for approved college building projects within weeks.

Fears had been raised that the body would be unable to get funding through to councils until the autumn to kickstart the 71 stalled schemes.

But an LSC spokeswoman said this morning: “That is not true. We are waiting for April’s publication of the Sir Andrew Foster report, and then we will look at everything. Funding could be available to some schemes from then.”

Mark Haysom resigned as chief executive of the LSC this week, saying he was pre-empting Mr Foster’s report, which he is understood to have seen a draft copy of.

The Government commissioned Mr Foster to investigate why the LSC was left with a £3 billion funding gap after finding cash for just eight of 79 approved schemes.

Meanwhile, skills minister Lord Young of Norwood Green insisted there would be no delay to 253 projects given “final approval” under the scheme.

He told the House of Lords: “Sir Andrew Foster will complete his review shortly and will make his recommendations to the department. Of the colleges that have been given final approval, there will be no delay to these projects.”