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Building Schools for the Future Programme: Finance

Volume 487: debated on Wednesday 28 January 2009

To ask the Secretary of State for Children, Schools and Families how much has been spent by his Department on the Building Schools for the Future programme since its launch; and how much funding is allocated to the programme over the next five years. (252661)

Over the spending period 2005-06 to 2007-08 the following conventional allocations were made for Building Schools for the Future projects: £824 million through supported borrowing allocations, and £514 million of capital grant. In addition, £3,750 million of PFI credits were allocated to the programme.

For the current spending period 2008-09 to 2010-11, the BSF and academies capital resources are being managed together. New resources for these programmes made available from the comprehensive spending review 2007 exercise are: £5,615 million of capital grant and some £3,700 million of PFI credits. In addition, £888 million of committed capital grant for BSF was carried forward from the previous spending period, which is available to be spent in the current period. The resources that will be available from 2011-12 for BSF and academies, and other capital programmes, will be decided as part of the next spending review exercise.