The sum includes: Over £37m million for new named capital projects at 216 schools due to start in 1994-95, plus funding set aside for schools incorporated in the sector between September 1993 and January 1994; almost £8 million for continuing work at 114 schools on projects started in 1993-94; 82 schools identified as having high priority projects worth over £30 million for 1995-96; £30 million for formula allocation to all GM schools (£12,000 per school plus £20 per pupil, with a minimum of £16,000 per school); £3 million for urgent capital work in 1993-4.
Mr Squire said: 'The self-governing sector continues to grow and flourish in response to parental demand, and increasing numbers of pupils are being educated in self-governing schools. It is vital that schools entering the sector are established on a sound footing.
In addition to the formula capital funding that all schools will receive, 7 out of 10 schools new to the sector which submitted bids have been given either an allocation to begin a named project or have been placed on the priority list for 1995-96. This clearly shows the Government's firm commitment to the growing self-governing sector.
'We have also identified a number of urgent projects, and have made £3 million available to allow 37 schools to carry out essential work in this financial year.
'In addition over £30 million worth of projects in 82 schools have been identified as high priorities for funding in 1995-96. They will all receive funds in 1994-5 to start development work on the projects.'
'Schools will also be pleased to hear that once again we will be making formula allocations available for every school. This will be at an enhanced rate over last year, including a £16,000 minimum which smaller primary schools will particularly appreciate. Schools enjoy the flexibility provided by formula allocations and I am sure that they will continue to use this funding productively.
'The funding that we are making available for capital work next year will help self-governing schools to thrive, to the benefit of both their current and future pupils, and the local communities which the schools serve.'