Spending cut threat to BSF projects
Proposed Building Schools for the Future (BSF) projects are under threat from possible spending cuts, after the announcement of a comprehensive review by the coalition government.
School building projects that have already entered the £55billionn BSF scheme are to be reprioritised as the new government looks to cut spending on the scheme.
The newly-formed Department for Education would not give any further details about the spending moratorium only to say: ‘The Department has not yet made a decision on BSF funding or any other capital programmes.’
BSF schemes not at preferred bidder stage have now been frozen by the government as Chancellor George Osborne prepares a preliminary spending cuts programme this week ahead of his first budget on June 22.
This could leave up to 60 schemes worth an estimated £2billion in limbo.