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Education: Finance

Volume 492: debated on Friday 8 May 2009

To ask the Secretary of State for Innovation, Universities and Skills what recent estimate he has made of his Department's capital expenditure assigned to (a) further and (b) higher education in (i) 2009-10 and (ii) 2010-11. (274054)

Budget 2009 announced additional capital funds for further education of more than £300 million for this spending review period (2009-10 and 10-11), with the total FE capital budget for 2009-10 being £827.6 million, and in 2010-11 being £448.1 million. This budget will cover expenditure on projects which have already been approved as well as new projects.

Budgeted capital spend for HE is £1,215.5 million in 2009-10 and £713.5 million in 2010-11.

These figures take into account the planned expenditure brought forward from 2010-11 as part of the fiscal stimulus package announced in the pre-Budget report.