College Investment Fund: £30m renewal grant for 153 colleges

Link to: Renewal Grant and Enhanced Renewal Grant Application Guidance

from the ministerial statement
The  Skills Funding Agency are writing to 153 eligible further education colleges to confirm that they will each receive a share of a £30 million renewal grant. This support  is aimed at the 153 colleges across the country that have yet to benefit from significant capital funds. Each will receive approximately £225,000.

A further £20 million will be made available to colleges through an enhanced renewal grant. Approximately 20 colleges will have the opportunity to add to their renewal grant, by bidding to build their total allocation to £1 million.

Applications for the enhanced renewal grant will be assessed using key criteria, including

  • condition of the college and its facilities
  • the benefits to learners
  • adding to regeneration of local communities

Projects will be expected to meet exacting design standards, ensuring a built legacy of which all concerned can be proud.

The Skills Funding Agency and an expert panel will assess and prioritise all applications, with a view to announcing successful bids by the end of this summer. Projects will have to be completed in time for learners to benefit from the new facilities by the start of the 2011-12 academic year.

Renewal Grant and Enhanced Renewal Grant Application Guidance

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