§ Dr. KumarTo ask the Secretary of State for Education and Science if the money available for the recently announced technology schools initiative is new grant allocation or if it will be included in an authority's capital allocation as supplementary credit approval.
§ Mr. EggarThe technology schools initiative is being funded from part of the new money made available for education capital spending for 1992–93. Projects in grant-maintained and voluntary-aided schools will be supported through grant payments; those in county and controlled schools through supplementary credit approvals to the LEAs concerned. The revenue consequences of supplementary credit approvals will be fully reflected in an authority's standard spending assessment in future years.