Boris Johnson-era scheme to build a dozen new schools failed to build a single one 🔴Exclusive from BenGartside
, was designed to cut overcrowding in schools caused by new housing developments.
One Whitehall source said it was “almost unprecedented” how poorly the scheme had gone, given the £220m funding guarantee behind it. As part of the pilot, which began in October 2019, developers were eligible for loans of up to £22m from the Government to build a school to help ease overcrowding. According to the loan terms, developers would have been charged interest on the loans, which the Department for Education toldOne developer said that the interest rates, alongside potential legal liability on any faults in new school buildings meant developers spurned approaches to apply for loans.
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