Association of Colleges

08 September 2010

Responding to today’s announcement relating to College capital funding from the Department for Business Innovation & Skills, Julian Gravatt, Association of Colleges Assistant Chief Executive, said:

“This  announcement will be good news for all our College members who have been successful in their bids for this much-needed capital investment, particularly in the current economic climate. The extra £50m of renewal funding is a helpful small-scale contribution for many Colleges who need to modernise their facilities in order to provide their students with the best learning environment possible. These Colleges have worked hard to match Government funding as part of their ongoing commitment to their students and the local communities they serve.  

“The process for allocating these extra funds has run smoothly and we are pleased that Government responded positively to the recommendation of the Capital Reference Group that the system for distribution should be as simple as possible.

"The process has shown that there are some excellent £3-5m projects ready to go in Colleges and that Government would get good value for money if it backed them because colleges provide £2 for every £1 from Government."

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