11 NOV 2023

£165 million allocated to 40 colleges as part of the local skills improvement fund.

The UK Department for Education (DfE) has allocated £165 million to forty colleges as part of the local skills improvement fund. These grants, ranging from £2.4 million to £10 million, aim to develop new facilities and courses in line with local skills needs identified in the Local Skills Improvement Plans (LSIPs). The funding is spread over two financial years, with £80 million allocated for the current year, split between revenue and capital, and £85 million designated for capital only in 2024-25.