7/13/2008 11:10:00 AM
Peter Kingson The Guardian 11 July
A massive nationwide programme to rebuild colleges is going well after seven years although the funding of some of the earliest projects was hit and miss, according to the Parliamentary spending watchdog. For its first three years public money tended to go to colleges able to bear most of the costs with the result that some which had the greatest need of new building were passed over, says the National Audit Office. Now the Learning and Skills Council's (LSC) capital programme for further education colleges is roughly half way through. It has approved £4.2 billion of building work and contributed £1.7 billion towards it. Progress has not been uniform across the country. In the south-west of England, for instance, 63% of college infrastructure has been renewed or approved for rebuilding compared with 32% in Greater London. Colleges have had to increase their total borrowings to about £731 million though their debt levels are lower than those in the university sector, the NAO report notes.Guardian
FE/HE/ Skills
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