Band A of the Programme will conclude in 2019 after a
£1.4bn spend over five-years. This second wave of
investment, Band B, will comprise two funding streams; one
using traditional capital, and one using revenue funding,
via a new form of Public Private Partnership called the
Mutual Investment Model (MIM).
Local Authorities and Further Education Institutions have
proposed £2.3bn of projects, which meet the investment
objectives of Band B of the Programme including:
- addressing growth in demand for Welsh medium education
- reductions of surplus capacity and inefficiency in the
system
- expansion of schools and colleges in areas of increased
demand for educational services
- address condition of educational assets
- making assets available for community use where demand
exists.
The Welsh Government is committed to supporting all of
these projects, subject to approval of business cases.
Speaking at the opening of Ysgol Cybi, a new 540 place
Welsh medium primary school in Holyhead delivered by £9.7m
of Band A funding, said:
“I am committed to raising standards, reducing the
attainment gap and delivering an education system from
the ground up that is a source of national pride and
confidence. The 21st Century Schools and Education
Programme is one of the means to achieve this ambition
and represents the largest investment in our schools and
colleges since the 1960s.
“The first wave of funding provided though the Programme
will see investment of more than £1.4 billion over the
five year period ending 2019, supporting the rebuild and
refurbishment of more than 150 schools and colleges
across the Wales.
“This is why I am delighted to announce a second wave of
investment for the Programme, which will begin in April
2019.
“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.”
Announcements on individual Band B projects will be made in
conjunction with local authorities in due course.
