2021 Report details for project: Institutes of Technology (IoT) 2

Project name Institutes of Technology (IoT) 2 - there is only one report for this project
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Organisation DFE (D6) - see all reports for this organisation
Report year 2021 (data is from March 2021)
Category Transformation - see all reports for this category
Description: The Institute of Technology programme is a manifesto commitment to establish the wave 2 of high-quality institutes of technology (IoTs). The first 12 IoTs were selected through a government-led competition and commenced live delivery from September 2019, Wave 1 recently finished successfully delivering 12 IOTs across the country, wave 2 utilises the same model as wave 1, specifically looking to establish 8 IOTs in LEP areas which were not covered in Wave 1, and are collaborations between further education (FE) providers, universities and employers. They will specialise in delivering higher technical education (at Levels 4 and 5) with a focus on STEM (science, technology, engineering and mathematics) subjects.
DCA (RAG) Amber/Green
DCA text: The Infrastructure Project Authority's Delivery Confidence Assessment rating is Amber/Green.This is primarily due to the following factors: Schedule is at a preliminary stage and remains subject to ongoing commercial activity and final Ministerial approval
Start date 2020-01-01
End date 2026-01-01
Schedule text The project end-date is 01 January 2026. This is primarily due to the following factors: The programme remains on schedule to meet timelines.
Baseline £0.50m
Forecast £0.50m
Variance 0.00%
Variance text: The budget variance is less than or equal to 5%. N/A - within tolerance
Whole Life Cost £2.50m
WLCost text: The projects Baseline Whole Life Cost is £ 2.50m. This is primarily due to the following factors: As the programme is currently in competition, there are currently no other costs at present (budgeted WLC yet to be baselined), apart from team costs.
Sourcefile IPA_2021.csv

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Acknowledgement: GMPP data has been re-used under the Open Government Licence.