Laura Sharman 10 October 2019

Developers offered loans to build new schools

Housing developers will be given loans from the Government to build new schools before new properties are finished.

Developers will be able to borrow up to £20m per school so school places can be delivered up-front rather than waiting for new homes to be built and sold.

The loans, from the department for education, will only be repayable once homes are sold.

Education secretary, Gavin Williamson, said: ‘We want to offer parents across the country a good choice of local schools for their children that suits their talents and needs, and we’re already on track to create one million new school places nationwide this decade.

‘But we know that in some cases, building schools and properties at the same time so they are ready for new communities can be challenging for housing developers. That’s why we are launching these loans today, to help parents secure a good school place for their child at the same time as moving into a new family home.’

The move has been welcomed by the County Councils Network but warned the loan amount may not be adequate to cover the cost of delivering new schools.

Cllr David Williams, chairman of the County Councils Network, and leader of Hertfordshire County Council, said: ‘Whilst we hope that this pilot scheme is successful, the cost of a new two form of entry primary school typically exceeds £8m and a six form of entry secondary school £30m.

‘If subsequently rolled out, Government should, in the longer term, seek to reform the planning system, alongside streamlining infrastructure funding, if we are to deliver the infrastructure needed to serve the needs of future communities.’

SIGN UP
For your free daily news bulletin
Highways jobs

Principal Finance Officer - WMF2490e

Westmorland and Furness Council
£38,220 - £39,152
We are seeking a Principal Finance Officer to join our friendly, supportive, and dynamic Finance Team. Kendal, Cumbria
Recuriter: Westmorland and Furness Council

Specialist Domestic Abuse Worker - WMF2483e

Westmorland and Furness Council
£34,434 - £35,412 Pro rata
This part time post is dedicated to the Barrow area but may at times require travel to other parts of Westmorland and Furness. Barrow in Furness, Cumbria
Recuriter: Westmorland and Furness Council

Therapeutic Social Worker

Durham County Council
Grade 9 £35,412 - £39,152 / Grade 11 £40,777 - £45,091
This is a really exciting and rare opportunity to join us in Durham as a Therapeutic Social Worker in our Full Circle Team. You will be working with Durham
Recuriter: Durham County Council

Supervising Social Worker- Fostering Team

Kirklees Metropolitan Council
£38,220 - £40,777
We are looking to recruit a Level 2 Social Worker in fostering supervisory social work team. Kirklees, West Yorkshire
Recuriter: Kirklees Metropolitan Council

Relief Mobile Cook

North Yorkshire Council
£13.47 - £14.13 per hour
We have an opportunity to join our award-winning Facilities Management catering team North Yorkshire / Various
Recuriter: North Yorkshire Council
Linkedin Banner