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 and sixth form colleges, what the largest single loan was that any (a) academy (b) sixth form college has taken out 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).