Institutes of Technology: Finance
(asked on 19th December 2023) - View Source
Question to the Department for Education:
To ask the Secretary of State for Education, how much funding has been provided to Institutes of Technology in (a) wave one and (b) wave two in each year since 2019.
The department is delivering 21 Institutes of Technology (IoTs), which exceeds the manifesto commitment of 20, of which 19 are already open.
The department is providing up to £300 million of capital funding to the IoT programme to ensure that learners have access to high quality premises and industry standard equipment. The following capital funding has been provided since the programme commenced:
| Wave 1 | Wave 2 |
2019/2020 | £21,836,758 |
|
2020/2021 | £60,772,151 |
|
2021/2022 | £38,932,896 | £706,258 |
2022/2023 | £38,655,887 | £5,822,800 |
For Wave 1, this funded 47 new facilities, which comprised of 19 new builds and 28 refurbishments. 52 IoT partners received funding for specialist equipment. Wave 2 is comprised of 30 new facility projects, including 7 new builds and 23 refurbishments. 37 partners will receive funding for specialist equipment.
IoTs are funded for participating learners in the same way as further education colleges and higher education institutions.
The number of full-time equivalent staff working at IoTs is a matter for the individual IoTs and their constituent partners. The department does not hold the information requested on how many IoTs have specially built facilities.