Written - Capital Expenditure to Support Small Capital Works and Refurbishment Programmes in Schools, Further Education and Higher Education Buildings
Today I am pleased to announce that a capital investment of around £13.26 million is to be made available to all Local Authorities, Further Education and Higher Education Institutions in support of their small capital works and refurbishment programmes undertaken at schools, colleges and university buildings.
The investment forms £9 million of the total £23 million announced at the third economic summit of capital expenditure that is to be brought forward into this financial year 2008-09. This will provide Local Authorities, Further Education and Higher Education Institutions with immediate access to funds of £5 million, £2 million and £2 million respectively.
A further £4.26 million will also to be made available to all Further Education Institutions to support small capital works that help address the long standing problem of condition and suitability of their educational accommodation.
This investment is integral to the on-going commitment to improve and transform educational facilities in Wales; by complimenting and building upon the significant capital investment projects, that have been completed or are currently underway, which already have significant capital investment support from the Welsh Assembly Government. It also demonstrates the vital role education and training has to play in the overall programme designed by the Welsh Assembly Government to help individuals, communities and businesses, in particular those in the construction industry, across Wales through the current economic downturn.