A school building programme worth £300 million over the next decade is due to be agreed by senior Powys councillors next month.Of this £300 million the council would need to stump up just over £100 million, with just under £200 million coming from the Welsh Government – and £1.8 million from church funding.
The Welsh Government has asked local authorities to submit their proposal and the difference between old 21st Century Schools Programme and the new funding programme is that councils now need to outline a “rolling programme” of proposals for up to nine years.The first three years up to 2027 will be made up of projects expected to reach a “full business case.”
According to the report this sum will be funded by a mix of money from asset sales and borrowing.“Any substantial increase in borrowing to fund the future schemes will have a detrimental impact on the council’s revenue budget which is currently under extreme pressure.
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