Friday, May 3, 2024

£960,000 building improvements funding secured for Lincolnshire schools

Property consultant Eddisons has secured more than £20m of funding to improve buildings at schools across the UK, including £960,000 for the Infinity Academies Trust in Lincolnshire, in the latest round of the Government’s Condition Improvement Fund (CIF).

Education sector specialist Eddisons has raised more than £200m in school funding over recent years and the latest round of secured £960,000 funding across five projects for Lincolnshire’s Infinity Academies Trust, which is made up of nine primary schools across the county.

Ian Harrington, head of Eddisons’ specialist education team, said: “This is another year of fantastic results for both our clients and the team. However, the success also highlights once again the fact that education is one of the more poorly funded sectors, with 2,000 projects unsuccessful in their bids in this round of funding alone.

“We will continue to work with those schools and academies that were unsuccessful, to offer guidance on future bids, as well as offering advice on other funding opportunities that are available. With the total CIF pot remaining unchanged on last year, despite base rate inflation being at 11% and construction inflation nearer 30%, it was one the most fiercely competitive rounds of funding we’ve experienced.”

The CIF programme is an annual round of bidding under which academy schools and colleges can apply for funding for the upkeep and improvement of their buildings and to fund expansion projects for schools that have been rated good or outstanding by Ofsted. In total, the Department for Education received funding requests for over 3,000 projects this year, with 1,033 projects across 859 academies being allocated a share of the £456m.

The successful projects will all get underway shortly and will be project managed by Eddisons.

 

Image shows Ian Harrington, head of Eddisons’ specialist education team

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