Key information
Decision type: Mayor
Reference code: MD1420
Date signed:
Decision by: Boris Johnson, Former Mayor of London (May 2008 - May 2016)
Executive summary
The Further Education (FE) Capital Investment Fund is capital investment in Further Education estates. It will enable FE institutions to operate within suitably appropriate buildings and facilities equipped with up-to-date equipment and machinery.
Further to endorsement from the London Enterprise Panel (LEP) and approval by the Investment and Performance Board, this MD seeks the Mayor’s approval for the GLA to receive and spend £55m for 2015/16 and £65m for subsequent rounds of FE Capital funding, delegation of decision making for project award and expenditure to the Executive Director - Development, Enterprise & Environment. It also seeks approval of expenditure of up to £147,000 on specialist support in undertaking due diligence of funding applications and monitoring surveyor services.
Signed decision document
MD1420 FE Capital (signed) PDF.pdf
Supporting documents
MD1420 FE Capital PDF.pdf