Funding will also be allocated to rebuilding 261 schools through the Priority Schools Building Programme (PSBP) as well as for maintenance of other schools in need.
Chief secretary to the Treasury, Danny Alexander, told the House of Commons last Thursday (June 27), that the investment, on top of existing plans, would mean the creation of one million new school places in a decade.
However, the announcement comes at a time when the Department for Education (DfE) is under intense pressure over whether it will meet the increased demand for school places expected in September 2014 (for more on this, see the SecEd report by clicking here).
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