Sebastian James has published his review of education capital financing and has this to say:
In summary, I have found that the system of capital allocation and spending which has developed over at least the last decade has frequently resulted in poor use of resources, a bureaucratic system for providers and Local Authorities and a mixed – and at times poor - outcome for both parents and children.
I believe that there are some very significant opportunities to increase the amount of schools regeneration that we can undertake for any given sum of money. To give you a flavour of this, the consensus view from our workshops was that as much as 30% of the total money spent could be saved and this is borne out by our initial pilot project in Doncaster.
I'm pretty confident that a similar review of NHS capital funding, housing PFI schemes and leisure investment strategies would show the same degree of waste and mismanagement. The was Labour's central strategy for capital investment - Brown's big idea - and it will cost us very dearly.