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Capital Update
06 December 2022
Type
Written Ministerial Statement
Department
Department for Education
At a Glance
Issue Summary
The statement confirms £500 million in additional capital funding for UK schools, sixth form colleges, and Further Education (FE) colleges to improve energy efficiency.
Action Requested
This funding will be allocated to eligible institutions to help with energy efficiency measures, with guidance provided on steps to reduce energy use. The allocations are part of broader initiatives including the School Rebuilding Programme and FE Capital Transformation Programme.
Key Facts
- £500 million in additional capital funding.
- £447 million for schools and sixth form colleges; £53 million for FE colleges.
- Minimum allocation of £10,000 per institution.
- Primary schools: average £16,000; Secondary schools: average £42,000; FE college groups: average £290,000.
- Funding available to eligible maintained and free schools, pupil referral units, sixth form colleges, and specialist post-16 institutions.
- Additional funding on top of £1.8 billion for school building improvements this year.
- School Rebuilding Programme targets 500 schools over the next decade.
- FE Capital Transformation Programme receives more than £400m in T Levels provider funding.
- Per pupil funding levels protected in real terms until 2024-25, with a core schools budget of £58.8 billion.
- Overall funding for FE sector increasing by £1.6 billion from 2021-22 to 2024-25.
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