Over 180 colleges are set to share £200m between them in order to repair and refurbish buildings and campuses.
The funding makes up part of a larger £1.5bn which is to be given to further education institutes over the next five years.
This round of funding was due to be given to colleges next year, however the Government has determined that investing early would benefit the staff and pupils immensely if given earlier.
Work is already underway to transform technical and vocational education and training in this country, including the introduction of new T Levels from September – high-quality technical courses equivalent to three A levels - and working with employers to create more apprenticeship opportunities.
Education Secretary Gavin Williamson said:
“We want to build a world class further education system which delivers for the whole nation, and a key part of this is ensuring colleges are fit for the future - with better facilities and brand-new buildings.
“We want all students to continue to receive high-quality education and training, no matter where they grow up or what college they go to. Now more than ever, it is vital that colleges can support their students to gain the skills they need to progress and help the economy to recover and grow.”
The news is welcomed by The Association of Colleges after years of underfunding colleges across the country.
David Hughes, Chief Executive of The Association of Colleges said:
“Colleges will be pleased to see their individual allocations as they prepare to provide training, skills and education to over 2 million young people and adults next year. It will help them provide the facilities, advice, support, and high quality teaching they deserve and need.
The college condition survey confirms that there has been underinvestment in the college estate in recent years so it is good news that the Treasury has allocated money for a five year programme to put this right and to ensure that future students and apprentices learn and train in world-leading environments.”
Efforts are being made to level the educational playing field by targeting the funding at areas that have traditionally been underfunded.
Prime Minister, Boris Johnson, previously said all children deserve the best possible start in life – regardless of their background or where they live and it is hoped that over the next 5 years, this ambition could be realised.