A £187m public-private partnership has been launched to revamp eight schools in the Midlands.
Developer Carillion said it would also be investing £5.5m of equity in the Midlands Priority School Building Programme.
The project takes in three schools in Birmingham and one each in Nottingham, Coventry, Sandwell, Derbyshire and Warwickshire.
Over the next two years existing substandard buildings at each of the schools will be replaced.
Carillion chief executive, Richard Howson, said: ‘This latest project has been an excellent example of collaboration between the public and private sectors and we look forward to working with the Education Funding Agency to deliver state of the art facilities to support its objectives for creating outstanding learning environments for students.’
