Royal Oak Design Precedents

Further Education Capital Investment Fund

The Further Education Capital Investment Fund provides capital funding for investment in further education in London.

Further education means education after secondary school, but separate from the ‘higher education’ offered at universities. Find out about the fund, the bidding process and the projects of interest.

Why is further education investment needed?

This fund supports London's further education services to make sure they're modern, fit for purpose and able to adapt for the future. London has a dynamic further education system with over 37 colleges and over 50 registered private and work-based learning institutions.

Londoners need the right skills to allow them to compete for career opportunities. These skills can only be delivered if further education institutions are able to work in suitable buildings and are equipped with up-to-date equipment and machinery similar to that used by London’s businesses.

This fund works alongside the London Enterprise Panel’s Jobs and Growth Plan for London. This plan identifies four key priorities for investment and intervention:

  • skills and employment: to ensure that Londoners have the skills to compete for and sustain London’s jobs
  • micro, small and medium sized enterprises: to support and grow London’s businesses
  • digital creative, science and technology: for the capital to be recognised globally as a world leading hub for science, technology and innovation, creating new jobs and growth
  • infrastructure: to keep London moving and functioning

Where did this funding come from?

This fund was established following an award of:

  • £55m in 2015/16 from the first Growth Deal with Government
  • £65m for 2016/17 also from the first Growth Deal
  • a further £38m* for 2017/18 onwards as part of the second Growth Deal for future capital investment in further education and Places of Learning 

* Please note this amount has not yet been confirmed by Government.

Bidding so far

There is an established bidding process in place for the Further Education Capital Investment Fund. We have invited further education institutions to submit innovative funding proposals for projects that will best meet the capital’s skills needs. In particular, we would like to see proposals which enable the highest levels of skill progression, job outcomes and growth in London.

There have been two rounds of funding and so far we have received 47 Expressions of Interest.

We expect to hold further funding rounds in 2016 that will support a Places of Learning programme, which is in development. Please visit the LEP website for all the latest news on the Further Education Capital programme.

What we want to fund

We are particularly interested in funding projects which:

  • focus on renewal and modernisation, improving classroom and workshop learning environments
  • increase efficiencies and reduce operating costs by creating space which is versatile, fit for purpose, transformational and adaptable
  • aim to purchase specialised equipment in line with the LEP’s key priority areas
  • help to meet the ambitions of the Mayor’s Smart London Plan
  • are at the cutting edge of economics, looking at researching new practices and  job creation in leading sectors
  • focus on progression to the highest levels of vocational study (in particular higher level apprenticeships) or that demonstrate strong progression links with higher education institutions
  • seek to break down the boundaries between further education skills providers, employers and the local community, to create high street hubs, community-based learning facilities, innovation hubs and business growth hubs
  • improve access to further education skills providers and share facilities with the wider community
  • demonstrate collaboration with local authorities, schools, employers, local partners and other education providers
  • demonstrate how they will support disadvantaged learners