(2) how many projects will receive funds from the £300 million allocated to Building Colleges for the Future in the 2009 Budget.
Budget 2009 announced that an additional £300 million of capital funding will be made available in the current spending round and will allow a limited number of projects to start within this spending review period. Capital investment between 2007-08 and 2010-11 will total £2.6 billion on top of the £2 billion invested between 1997-98 and 2007-08. It is not possible to say the exact number of, or the names of the specific projects, that will be funded as the selection of projects will be based on objective criteria that the LSC is developing in consultation with the sector. The LSC plan to confirm which projects will be taken forward during this spending review period at the beginning of the summer.
The minutes of this meeting were published on the Learning and Skills Council’s website on 30 April, at:
http://readingroom.lsc.gov.uk/lsc/National/nat-Minutes_capital_reference_group_29_april_2009.pdf
I will ensure copies of the minutes are placed in the House Libraries.