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Further Education: Finance

Volume 491: debated on Thursday 30 April 2009

To ask the Secretary of State for Innovation, Universities and Skills how many colleges applied for funding under the Further Education Specialisation and Innovation Fund in 2008; which institutions were awarded funds in response to such applications; and how much was awarded to each. (270367)

The Further Education Specialisation and Innovation Fund, published in July 2008, received over 130 bids from specialist networks of FE colleges and training providers. Over 140 FE colleges were included in the networks that submitted proposals.

The five successful pathfinder projects, announced on 1 December 2008, include 34 FE colleges in their networks. The number of FE colleges involved in each project and the amount of funding allocated to each network are as follows:

South West Composites Gateway: led by City of Bristol College, will provide innovative solutions in composites design and manufacture for the aerospace and defence industry. Two FE colleges—£434,000.

College-Business Innovation Accelerator: led by Cornwall College, will enhance the quality of business innovation services in the Land-based and Marine sectors. Four FE colleges—£720,000.

Innovation in Sustainable Construction: led by West Nottinghamshire College, will encourage sustainable development in construction sector. 10 FE colleges—£513,000.

Knowledge Transfer Leadership: led by Barnfield College, will develop a corporate college model and build capacity to offer business innovation services to a number of sectors, including engineering. Four FE colleges—£585,000.

£ink to FSXchange: led by the National Skills Academy (NSA) for Financial Services, will develop new business services for the financial services industry. 14 FE colleges—£720,000.