Government to announce fresh infrastructure spending
Prime minister Boris Johnson is to announce plans for a 10-year school-rebuilding programme today.
Downing Street said the programme will see 50 projects, worth more than £1bn, delivered in England this financial year, as well as £560m committed to school repairs and upgrades. However, this is not 'new' money as it will come from the £100bn budget already announced in the budget in February.
In an interview with the Mail on Sunday, Johnson also pledged more spending on hospitals, schools, housing developments and “shovel-ready” road and rail infrastructure projects to help the recovery from the coronavirus crisis.
He told the newspaper: “This has been a huge, huge shock to the country but we're going to bounce back very well. We want to build our way back to health.”
Further details are expected to be announced on Tuesday, 30th June 2020.
On the schools programme, Johnson said: “As we bounce back from the pandemic, it’s important we lay the foundations for a country where everyone has the opportunity to succeed, with our younger generations front and centre of this mission.
“This major new investment will make sure our schools and colleges are fit for the future, with better facilities and brand new buildings so that every child gets a world-class education.”
The government has promised another £200m for repairs and upgrades for further education colleges this year.
Wates group strategy director Steve Beechey said: “Long-term planning is exactly what is needed to upgrade our schools estate and this decade-long initiative will deliver valuable jobs, educational facilities and community hubs in the areas that need it most."
Mace chief executive Mark Reynolds said: “It is vital that we do everything we can to ensure this promised historic wave of investment will actually deliver the economic growth we so desperately need. That means we must prioritise innovative, offsite and low-carbon construction solutions – and it means targeting the creation of sustainable jobs and social value in the places where they are needed most."
Full details of the 10-year schools programme will be set out at the next Spending Review.
An £24m package for carbon reduction measures in residential properties including installing insulation has also been announced today.