PBR: Good news for school supplier’s!
In yesterday’s Pre-Budget Report Alistair Darling announced the fast tracking of £800m worth of funding for school refurbishing and rebuilding, which is good news for the struggling construction industry and school suppliers alike!
The money, originally planned to be spent during 2010-11 is now being made available for local authorities to apply for by Christmas for those schools with plans that have been designed, costed and approved, to go ahead earlier than scheduled. This is not only pumping extra much needed cash into thousands of businesses that will be involved in the construction, refitting and equipping of the new facilities but it’s also great news of many schools and pupils who will benefit from the new facilities
It’s also estimated that 300 primary schools will gain new school kitchens to improve healthy eating amongst pupils and around 140 secondary schools will gaining funding to introduce energy-saving measures.
All in all, this announcement is much needed good news for School Suppliers.
