Welsh Schools to get £2.3bn Modernisation Boostfull Screen
The Welsh Government has committed an extra £2.3bn to modernising the principality’s schools and colleges when the current investment period ends in 2019.
17th November 2017
The Welsh Government has committed an extra £2.3bn to modernising the principality's schools and colleges when the current investment period ends in 2019.
The administration's 21st Century Schools and Education Programme was launched in 2014 backed by a £1.4bn fund to upgrade and expand more than 150 schools and colleges in Wales.
The Welsh Government has confirmed that the programme will continue with an expanded £2.3bn fund when the current programme ends in April 2019.
Welsh Cabinet Secretary Kirsty Williams AM said: "We will work closely with our partners to agree the pace of delivery and put in place investment plans that are affordable and meet our shared ambition to create sustainable learning environments that meet the needs of our communities."
In addition to increasing the value of the programme, there will also be changes to how it is funded. There will be a mix of traditional capital funding and a new form of public-private partnership called the Mutual Investment Model (MIM).
MIM was unveiled in spring this year and will see private companies build and maintain public assets, for which the government pays a fee. At the end of the contract the asset is transferred to public ownership.
Local authorities are proposing projects for investment which the Welsh Government will assess for approval.