[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-seo-243834-105":3,"doc-detail-243834-en":81,"detail-sidebar-cat-1-en-105":99},{"code":4,"msg":5,"data":6},0,"ok",{"site_id":7,"language":8,"slug":9,"title":10,"keywords":11,"description":12,"schema_data":13,"social_meta":74,"head_meta":76,"extra_data":78,"updated_unix":80},105,"en","college-capital-loans-guidance-for-applicants-april-2023","College capital loans - Guidance for applicants - April 2023","","Guidance from the Department for Education explains the objectives and operating terms of the college capital loans scheme for eligible colleges in England. It clarifies who can apply (FE colleges, designated institutions and sixth form colleges), why loans are needed after the FE sector reclassification, and how repayable funding can support capital projects with a funding gap. The document sets key dates, eligibility evidence expectations, assessment frameworks, and application steps, including timelines for DfE grant-funded and self-funded projects.",{"@graph":14,"@context":73},[15,34,56],{"@type":16,"itemListElement":17},"BreadcrumbList",[18,23,27,31],{"item":19,"name":20,"@type":21,"position":22},"https://docshare.wps.com","Home","ListItem",1,{"item":24,"name":25,"@type":21,"position":26},"https://docshare.wps.com/template/","Template",2,{"item":28,"name":29,"@type":21,"position":30},"https://docshare.wps.com/template/letters/","Letters",3,{"item":32,"name":10,"@type":21,"position":33},"https://docshare.wps.com/template/college-capital-loans-guidance-for-applicants-april-2023/243834/",4,{"url":32,"name":10,"@type":35,"image":36,"author":41,"headline":10,"publisher":44,"fileFormat":47,"inLanguage":8,"description":12,"dateModified":48,"datePublished":49,"encodingFormat":47,"isAccessibleForFree":50,"interactionStatistic":51},"DigitalDocument",{"url":37,"@type":38,"width":39,"height":40},"https://docshare.wps.com/thumbnails/college-capital-loans-guidance-for-applicants-april-2023/243834.png","ImageObject",442,249,{"name":42,"@type":43},"Putri","Person",{"url":19,"name":45,"@type":46},"DocShare","Organization","application/pdf","2026-10-19","2026-09-12",true,{"@type":52,"interactionType":53,"userInteractionCount":55},"InteractionCounter",{"@type":54},"ViewAction",10,{"@type":57,"mainEntity":58},"FAQPage",[59,65,69],{"name":60,"@type":61,"acceptedAnswer":62},"Which colleges are eligible to apply for the college capital loans scheme?","Question",{"text":63,"@type":64},"The scheme is for FE colleges in England, designated institutions in England, and sixth form colleges in England. These providers are collectively referred to as “colleges” in the guidance.","Answer",{"name":66,"@type":61,"acceptedAnswer":67},"Why was the college capital loans scheme introduced?",{"text":68,"@type":64},"It provides repayable funding where colleges face a capital funding gap after commercial borrowing restrictions followed the reclassification of the FE sector into the public sector.",{"name":70,"@type":61,"acceptedAnswer":71},"What are the key application deadlines and expected notification periods?",{"text":72,"@type":64},"The scheme opens on 24 April 2023, with an application deadline of 31 May 2023. Notifications for DfE capital grant-funded projects are expected in summer 2023 and for self-funded projects in autumn 2023.","https://schema.org",{"og:url":32,"og:type":75,"og:title":10,"og:site_name":45,"og:description":12},"article",{"robots":77,"canonical":32},"index,follow",{"doc_id":79,"site_id":7},243834,1790576511,{"code":4,"msg":82,"data":83},"success",{"doc_id":79,"user_id":84,"nickname":42,"user_avatar":85,"doc_module":22,"category_id":86,"category_name":29,"doc_title":10,"doc_description":12,"doc_content":87,"file_id":88,"file_url":89,"file_type":90,"file_size":91,"view_count":55,"is_deleted":4,"is_public":22,"is_downloadable":22,"audit_status":22,"page_count":92,"language":93,"language_code":8,"site_id":7,"html_lang":8,"table_of_contents":94,"faqs":95,"seo_title":96,"seo_description":12,"update_tm":97,"read_time":98},962085571259,"https://ap-avatar.wpscdn.com/davatar_29158cc5080c5b710cf443261637dec0",18,"College capital loans  \nGuidance for applicants  \nApril 2023  \nContents  \nSummary 3  \nIntroduction 4  \nKey dates 5  \nEligibility for college capital loans 6  \nConstraints and conditions 8  \nApplication assessment framework 11  \nDetailed application guidance 13  \nDfE capital grant funded projects 17  \nCollege self-funded projects 20  \nApplication assessment timetable 27  \nPreparing and submitting your application 28  \nSummary  \nThis is guidance from the Department for Education. It sets out the objectives and terms of the college capital loans scheme, the types of institutions that are eligible to apply and how applications will be assessed.  \nWho is this guidance for?  \nThis guidance is for:  \n• FE colleges in England  \n• designated institutions in England  \n• sixth form colleges in England  \nThese providers are collectively referred to as ‘colleges’ in this guidance.  \nMain points  \n• The Department for Education is inviting eligible colleges to apply for loans for capital projects.  \n• The scheme will provide funding to eligible further education ( FE ) capital projects , either underway or in advanced stages of planning, that have a funding gap as a result of commercial borrowing restrictions following the reclassification of the FE sector.  \n• Colleges will need to demonstrate that they intended to borrow commercially for their capital project(s) prior to reclassification which took place on 29 November 2022.  \n• Colleges will need to submit an application for a capital loan. Applications will be assessed against the criteria set out in this guidance.  \n• The new scheme will be time limited, with repayable capital loan funding for projects available in financial years 2023 to 2024 and 2024 to 2025.  \n• We aim to conclude the application assessment process for projects in receipt of DfE capital funding by the summer 2023 , and for non DfE (‘self-funded’) capital projects by the autumn 2023.  \n• Capital loans are repayable and lending is subject to terms and conditions.  \nIntroduction  \nOn 29 November 2022 , the Office for National Statistics (ONS) announced their decision to reclassify colleges into the public sector. Following reclassification, colleges and their subsidiaries are now part of central government. This means that they are now subject to the framework for financial management set out in managing public money (MPM) .  \nMPM stipulates that colleges, as public sector organisations, may borrow from private sector sources only if the transaction delivers value for money for the Exchequer. Because private sector lenders have higher financing costs, in practice it is very unlikely that colleges will now be able to satisfy this condition of MPM for future private sector borrowing. The Education and Skills Funding Agency (ESFA) introduced a borrowing consent process following the ONS announcement so that colleges could apply for consent to borrow in exceptional circumstances.  \nSome colleges may have intended to borrow from private sector sources to fund capital improvements to their estate, but now are unable to. The department has provided £150 million in new capital funding to all colleges in April 2023, through the reclassification capital allocation, to help meet colleges’ capital needs. For many colleges this will be sufficient to meet any immediate gaps in capital funding caused by restrictions on private sector borrowing.  \nThe college capital loans scheme will make further funding available to colleges that still have a funding gap in their capital projects.  \nThe objectives of the college capital loans scheme are:  \n• to provide colleges with access to funding for their capital projects where they had planned, before 29 November 2022, to borrow in order to deliver these projects  \n• to ensure that colleges can continue to deliver capital projects to improve the college estate and to support the delivery of high-quality further education in  \nEngland  \nThe college capital loans scheme is subject to specific el","cbCaivwfujATLany","https://ap.wps.com/l/cbCaivwfujATLany","pdf",374326,31,"English","# Summary\n# Introduction\n# Key dates\n# Eligibility for college capital loans\n## Constraints and conditions\n## Application assessment framework\n# Detailed application guidance\n## DfE capital grant funded projects\n## College self-funded projects\n# Application assessment timetable\n# Preparing and submitting your application","[{\"question\":\"Which colleges are eligible to apply for the college capital loans scheme?\",\"answer\":\"The scheme is for FE colleges in England, designated institutions in England, and sixth form colleges in England. These providers are collectively referred to as “colleges” in the guidance.\"},{\"question\":\"Why was the college capital loans scheme introduced?\",\"answer\":\"It provides repayable funding where colleges face a capital funding gap after commercial borrowing restrictions followed the reclassification of the FE sector into the public sector.\"},{\"question\":\"What are the key application deadlines and expected notification periods?\",\"answer\":\"The scheme opens on 24 April 2023, with an application deadline of 31 May 2023. Notifications for DfE capital grant-funded projects are expected in summer 2023 and for self-funded projects in autumn 2023.\"}]","College capital loans - Guidance for applicants - April 2023 | PDF",1789209187,11,{"code":4,"msg":82,"data":100},[101,105,110,115,120,125,130,133,138],{"id":98,"doc_module":22,"doc_module_name":25,"category_name":102,"show_sort_weight":103,"slug":104},"Presentations",90,"presentations",{"id":106,"doc_module":22,"doc_module_name":25,"category_name":107,"show_sort_weight":108,"slug":109},12,"Resumes",80,"resumes",{"id":111,"doc_module":22,"doc_module_name":25,"category_name":112,"show_sort_weight":113,"slug":114},14,"Invoices",70,"invoices",{"id":116,"doc_module":22,"doc_module_name":25,"category_name":117,"show_sort_weight":118,"slug":119},15,"Posters",60,"posters",{"id":121,"doc_module":22,"doc_module_name":25,"category_name":122,"show_sort_weight":123,"slug":124},16,"Social Media",50,"social-media",{"id":126,"doc_module":22,"doc_module_name":25,"category_name":127,"show_sort_weight":128,"slug":129},17,"Forms",40,"forms",{"id":86,"doc_module":22,"doc_module_name":25,"category_name":29,"show_sort_weight":131,"slug":132},30,"letters",{"id":134,"doc_module":22,"doc_module_name":25,"category_name":135,"show_sort_weight":136,"slug":137},21,"Paper Templates",5,"papers-templates",{"id":139,"doc_module":22,"doc_module_name":25,"category_name":140,"show_sort_weight":4,"slug":141},158,"General","general-158"]