Since 1997, this Government have invested £2.4 billion modernising further education colleges, and plan to invest a further £2.3 billion in the next three years.
However, the pace of demand for capital funding has increased. In addition there are signs that the ability of colleges to raise their own funds for projects is being affected by the downturn.
The Learning and Skills Council will therefore examine the position of individual projects by early March before making further funding decisions.