2022 Report details for project: FE Capital Transformation
| Project name | FE Capital Transformation - there are 3 reports for this project: 2021, 2022, 2023 |
|---|---|
| Google search | Google search on project name (opens in new window)  |
| Contracts | Contracts search (opens in new window) - under development |
| Organisation | DFE (D6) - see all reports for this organisation |
| Report year | 2022 (data is from September 2021) |
| Category | Infrastructure - see all reports for this category |
| Description: | The FE capital transformation will fund investment in FE colleges through: grants, 16 centrally delivered projects, and bidding rounds over five years. The programme will deliver on the government's manifesto commitment to upgrade and transform the FE college estate. This will support the FE sector to deliver on its reform agenda and to support the levelling up of learner and labour market needs across the country, with greater emphasis on technical education and vocational training. |
| DCA (RAG) | Amber |
| DCA text: | Compared to financial year 20/21-Q4, the IPA's DCA rating at 21/22-Q4 remained at Amber The DCA is Amber as rated by the external assurance review in March 2021. All three phases of the programme delivery are launched and are being progressed in tandem. Phase 1 is complete. Phase 2 and Phase 3 are slightly delayed but are now progressing well. Announcements for Phase 3 are due early April. Delays will affect the profile of outturn spend; HMT has approved a revised annual spend profile through SR21. Work is well underway to develop the policy underpinning the next round of funding.? |
| Start date | 2020-04-01 |
| End date | 2025-06-30 |
| Schedule text | Compared to 2021-Q4, your project end-date remained scheduled to finish on 30 JUN 2025 This is primarily due to the following factors: All three phases of the programme delivery are launched and are being progressed in tandem. The first phase of the fund saw an initial £200 million allocated to all colleges so they could carry out urgent remedial work to refurbish their buildings. Following this, in April 2021 an announcement was made to work in partnership with sixteen colleges with some of the poorest condition sites in the country to upgrade their sites and ensure they are excellent places to learn. Construction is under way at one of these projects - Stafford College - and others will soon be ready to begin works. Through the 3rd Phase of the programme 62 FE colleges across the country are to benefit from building and campus upgrades and transformation, helping to level up opportunities for more people. 78 projects will be supported in total to allow colleges to create great buildings and facilities for high-quality training so more people progress into rewarding jobs, and plugging plug skills gaps in local economies. |
| Baseline | £0.00m |
| Forecast | £0.00m |
| Variance | 0.00% |
| Variance text: | Exempt under Section 43 of the FOI Act 2000 (Commercial Interests) - Commercial interests. |
| Whole Life Cost | £0.00m |
| WLCost text: | Exempt under Section 43 of the FOI Act 2000 (Commercial Interests) - Commercial interests. |
| Notes1: | |
| Notes2: | |
| Sourcefile | IPA_2022.csv |
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Acknowledgement: GMPP data has been re-used under the Open Government Licence.