§ Lord Dormand of Easington
asked Her Majesty's Government:
How many City Technology Colleges now exist; how many they intend to establish; how much money they and the private sector have each provided; and whether private sector funding has met government targets.
§ Baroness Blatch
Seven CTCs are open and there are firm plans to open seven more by the autumn of 1992. The Government will consider further well-founded proposals.
The total cost to date of the fourteen CTCs which I have referred to is some £99m, the capital element of which is some £80m. Our private sector partners have undertaken to provide at least 20 per cent. of this capital element and their committed contribution to the programme as a whole stands at over £32m. Overall, this handsome contribution more than meets our expectations and individual targets are being met.