£2bn to revive school building

LONDON: Education secretary Michael Gove has launched plans to raise £2bn in PFI funding to build or improve up to 300 schools.

LONDON: Education secretary Michael Gove has launched plans to raise £2bn in PFI funding to build or improve up to 300 schools.

The private finance programme will be open to local authorities and schools that had their funding pulled when Building Schools for the Future was dumped.

Any school, local authority or academy can apply for funding from today with the first school built under the new programme due to be completed by 2014.