My honourable friend the Parliamentary Under Secretary of State for the School System (Lord Agnew) has made the following written ministerial statement.
Today, I am announcing the allocation of £1.4 billion in 2018-19 to maintain and improve the condition of the education estate. Investing in our school buildings is a key part of the Government’s plan to ensure that every child has the opportunity of a place at a good school, whatever their background.
For the financial year 2018–19, the £1.4 billion of funding includes approximately:
£0.7 billion for local authorities, voluntary aided partnerships, larger multi-academy trusts and academy sponsors, to invest in their own condition priorities.
£0.5 billion for academies and sixth-form colleges through the Condition Improvement Fund - the outcomes of bids to this fund will be announced later this year.
£0.2 billion of Devolved Formula Capital to be allocated directly to schools later in 2018.
To provide stability for schools while we review the approach to capital funding for 2019 - 2020, we have continued the existing capital funding approach for the financial year 2018 - 2019.
In addition, £100m of revenue generated from the Soft Drinks Industry Levy will be provided in 2018-19 for the Healthy Pupils Capital Fund. This fund is intended to improve children’s and young people’s physical and mental health - for example, by improving playgrounds and sports facilities, or kitchens, dining or medical facilities. The Healthy Pupils Capital Fund is being allocated alongside 2018-19 school condition funding.
Details of today’s announcement will be published on the GOV.UK website, and copies will be placed in the House Library.
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