Written question asked by Peter L Pike (Labour) on Thursday, 8 March 2001, in the House of Commons. It was due for an answer on Thursday, 15 March 2001. It was answered by Baroness Smith of Malvern (Labour) on Thursday, 15 March 2001 on behalf of the Department for Education and Employment.

Dept for Education and Employment

Question: To ask the Secretary of State for Education and Employment, how many applications he has received for the Targeted Capital Fund; how much in total has been applied for; when he expects to announce the allocations; and if he will make a statement. - Includes figures.

Answer: Mr. Pike: To ask the Secretary of State for Education and Employment how many applications he has received for the Targeted Capital Fund; how much in total has been applied for; when he expects to announce the allocations; and if he will make a statement. [153535] Jacqui Smith: Proposals for a total of 208 projects seeking support from the Targeted Capital Fund have been received from 116 local education authorities. The total value of the proposals submitted is £299 million. We are currently appraising these proposals, and I aim to make an announcement before the end of this month. Proposals to be supported will be funded as part of the £8.5 billion investment programme in school buildings over the next three years. Most of this funding is being allocated according to needs-related formulae, rather than in response to bids. This funding is in addition to more than £5 billion capital invested since 1997. Capital funding this year at over £2 billion is more than three times the £683 million spent on schools capital in 1996-97.

Secondary information

Type: Written question
Reference: 153535; 364 c739W
Session: 2000-01
Subjects: Buildings Capital investment Finance Education Grants Local education authorities Schools
Contains statistics: Yes
Link: View this Written question on www.publications.parliament.uk