2023 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 | 2023 (data is from September 2022) |
| 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 21/22-Q4, the IPA's DCA rating at 22/23-Q4 remained at Amber. This is primarily due to the following factors.The DCA is Amber as rated by the external assurance review in January 2023. All three phases of the programme delivery are launched and are being progressed in tandem. Phase 1 is complete. Phase 2 and Phase 3 round 1 are slightly delayed but are now progressing well. Phase 3 round 2 allocations were announced on 28 March and grants are due to be made in May. Delays will affect the profile of outturn spend; HMT approved a subsequent revised baseline spend profile in February 2023. |
| Start date | 2020-04-01 |
| End date | 2025-06-30 |
| Schedule text | Compared to financial year 21/22-Q4, the project's end-date at 22/23-Q4 remained schedule to finish on 2025-06-30. This is primarily due to the following factors.Compared to financial year 21/22-Q4, the project's end-date at 22/23-Q4 remained schedule to finish on 2025-06-30. This is primarily due to the following factors. All three phases of the programme are launched and 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 nearly complete at Stafford College and other schemes will soon follow. Through Phase 3 60 FE colleges across the country are to benefit from building and campus upgrades and transformation, helping to level up opportunities for more people. Around 76 projects will be supported 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. A final allocation of 286million will be made to colleges for them to continue to rebuild and upgrade their facilities. |
| 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_2023.csv |
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