Institutes of Technology (IoT) 2
DFE · DFE_0016_2021-Q3 · Last reported March 2024
Department page: Department for Education
| Data as at | Rating | End date | Whole-life cost |
|---|---|---|---|
| March 2024 | Amber (the department's own assessment) | 31 March 2025 | £138m (price basis not stated) |
Each year’s cost is shown with its price basis. Costs are not compared between years: the March 2024 and March 2025 reports state no price basis, and from March 2026 costs are in 2024/25 prices.
The department’s commentary
This is the department’s own commentary. It may use different prices from the table above, so its figures may not match.
March 2024
Rating: Compared to financial year 22/23-Q4, the Senior Responsible Owner's Delivery Confidence Assessment rating at 23/24-Q4 remained at Amber. This is primarily due to the following factors. We are in delivery phrase and are working with successful wave 2 bidders to complete the rollout and be open to learners by September 2024. Wave 2 capital funding totalled 130m and projects are ongoing. We are on budget, and this is being monitored closely.
Schedule: Compared to financial year 22/23-Q4, the project's end-date at 23/24-Q4 decreased from 2026-01-01 to 2025-03-31. This is primarily due to the following factors. This end date is a correction from an error in previous returns which gave a project end date in 2026.
Cost: Compared to financial year 22/23-Q4, the project's departmental-agree Whole Life Cost at 23/24-Q4 increased from 6m. to 138m. This is primarily due to the following factors. This corrects an error in previous returns which incorrectly gave a Whole Life Cost figure of 6m.
Source: IPA Annual Report 2023-24 (data)
Names, figures, dates, ratings and commentary are as the department reported them. Where a rating, cost or date is withheld, the file’s wording is shown. Every major project →