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Further education building projects receive Treasury boost

Submitted by on December 8, 2012 – 9:15 pm

George OsborneSource: Press Association

Skills minister Matthew Hancock announced on Wednesday that he expects to see over £1.5bn worth of further education building projects come to market over the next two years after the Treasury announced a funding boost yesterday. 

Chancellor George Osborne yesterday announced an extra £270m for building further education colleges as part of a wider programme which will see £5.5bn worth of investment further education  infrastructure.

Hancock said the announcement was “good news for construction” and would help to create more jobs in the building sector. He added: “With colleges trebling the amount of government money invested in capital projects we expect to see over £1.5bn in new college construction projects get off the ground in the next two years.”