While visiting Eastleigh College on the south coast, Dr Cable announced a new £550 million Further Education Capital Investment Fund which will help improve educational facilities for young people across the country.
Furthermore, an additional £310 million from the Regional Growth Fund (RGF) was also made available to both create and safeguard jobs and he believes the investments will be beneficial to the economy.
Dr Cable said: "The quality of further education facilities should match the aspiration of the sector, which is why the government is stepping up capital spending."
He added that the additional money from the RGF will help to further stimulate private sector investment, which will in turn help to support communities and families across the UK by continuing the supply of jobs.
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Posted by Wayne Bly
Source: The Sales Director News