Question to the Department for Education:

To ask the Secretary of State for Education, with reference to the guidance on the Condition Improvement Fund updated on 13 October 2022, and the availability of loans for academies & sixth form colleges, what the total current value of loans taken out by (a) academies and (b) sixth form colleges was under the scheme.

Over £4 billion of funding in total has been awarded to Condition Improvement Fund (CIF) projects over the eight annual rounds since the programme launched CIF 2015/16.

As a proportion of that overall funding, over the eight CIF rounds, academies have taken out (or committed to take out) loans totalling £77,226,874. Sixth form colleges have taken out (or committed to take out) CIF loans totalling £1,421,165.

The largest single loan taken out by an academy since the CIF programme began was £1,800,000 (a CIF 2015/16 project) and by a sixth form college was £750,000 (also a CIF 2015-16 project).