Partnerships for Schools: Finance
Children, Schools and Families
David Laws (Yeovil, Liberal Democrat)
To ask the Secretary of State for Children, Schools and Families how much Partnerships for Schools has received from the European Investment Bank in each year since 2005; and if he will make a statement.
Jim Knight (Minister of State (Schools and Learners), Department for Children, Schools and Families; South Dorset, Labour)
Partnerships for Schools (PfS) have been able to secure a commitment in principle from the European Investment Bank (EIB) for £300 million to provide funding for BSF schemes that have PFI investment in 2009/10. EIB provided £53 million of funding in 2007/08 for BSF projects.
Partnerships for Schools does not receive any money from EIB. The funds secured are used to finance local authority PFI projects.