Colleges have been handed 拢50m to carry out vital renovation work over the next 12 months.

Vince Cable has announced the 149 colleges which will be given a chunk of a 拢50m central government fund for building work and renovation.

The Business Secretary announced that 149 colleges will receive up to 拢225,000 each, though some will receive up to 拢1m. The colleges will then have to more than match the funding by raising money from private sources, meaning that over 拢100m will be spent on college building work in England over the next year.

Business Secretary Vince Cable said: 鈥淏ack in May the coalition announced 拢50m of investment in college building programmes which will now benefit more than a hundred colleges across the country.

鈥淚n allocating this 拢50 million funding, we have seen some impressive bids come in for ambitious and innovative projects from colleges that are planning for the future.

鈥淗elping colleges modernise their facilities will give them a much-needed boost at a time when education could not be more important, and I am glad we have been able to provide them with this support.鈥�

好色先生TV will start immediately on most projects, which are all due to be finished by September 2011.

The full list of eligible colleges is available .

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