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Government Unlocks £194 Million Of College Investment


Matthew Hancock announces that 22 colleges will invest £194.3 million in the building of new state of the art facilities


Published on 28 March 2014



by Matthew Hancock MP

(WireNews)

London, England

Department for Innovation & Skills
Department for Innovation & Skills

Skills and Enterprise Minister Matthew Hancock today (27 March 2014) announced that 22 colleges will invest £194.3 million in the building of new state of the art facilities. This will include the building of specialist construction centres, advanced engineering facilities and cutting edge design departments across the country.

The total investment includes £113.8 million of government grants matched by £80.5 million of local investment.

The government grants have been allocated as part of the most recent round of the College Capital Investment Fund (CCIF). Since the launch of the CCIF in December 2012, the government has committed over £471 million in college capital investment, enabling the delivery of projects across the country worth over £920 million.

On a visit to New College Nottingham, a previous CCIF grant recipient, Skills and Enterprise Minister Matthew Hancock said:

"I am delighted that we are continuing our commitment to improving our colleges, delivering £194 million of capital investment to 22 colleges, who made impressive bids based on responding to consumer need.

"Effective capital investment has a significant educational and economic impact, helping attract learners back into education and training, improving learner outcomes, and boosting the businesses and communities they serve.

"As part of the government’s long term economic plan we must ensure that further education and vocational training is of the highest possible quality and this vital investment will help make that a reality."

New College Nottingham has received grants of £15 million from the CCIF, enabling a total investment of £27 million to build the region’s largest construction training centre.

Projects from the latest round include a £2 million grant matched with a further £4 million of funding for York College to build a new Construction Centre. The new facilities will enhance teaching and learning in construction skills helping to support local economic growth. Activate Learning (formerly Oxford and Cherwell Valley College) will receive £1 million in grant funding matched by a further £2 million of additional investment to create a new Technology and Innovation Centre focusing on engineering, electrical design and emerging technologies and will put the college at the heart of the area’s plans for further economic development.

Martin Doel, Association of Colleges Chief Executive, said:

"This newly announced capital investment will make a real difference to further education colleges and their students across England. It is noteworthy that overall colleges are providing 50% of the total funding to the government contribution from the capital investment fund to ensure that more than £900 million is being spent to make these new buildings a reality."

The government is targeting the colleges in greatest need of help to update and modernise their facilities. This investment will develop poor estates into top of the range vocational education colleges, which will help increase the value, rigour of learning and ensure the skills and education that learners gain relates directly to the needs of local employers.


For more information about this press release visit https://www.gov.uk/government/news/government-unlocks-194-million-of-college-investment

 


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Posted 2014-03-28 09:22:00