We will consult urgently, and as quickly as possible, with the AoC (Association of Colleges) and other key sector organisations on proposals and a strategy for prioritisation for future projects. These proposals and the future management of the programme will also reflect the conclusion of Sir Andrew Foster’s current review.The government's response to a funding shortfall, then, is order a second inquiry before the first one is fully over, simply to sort a possible future strategy and, I expect, to keep it all going until everyone forgets what the worry was about.
The Association of Colleges has issued a brief initial response, here, but they are unlikely to be able to influence government delays. Many of the plans involved the colleges raising millions of pounds each from bank loans and selling off land for house-building — both sources that have dried up considerably in the recession.
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