Around 56 colleges were recently granted funding for improvements, but extra cash released by the Chancellor will allow further tranches of improvements to go through.

Under the new programme a further 18 colleges who just missed the cut will go forward for funding alongside a further 42 unsuccessful projects which need to resubmit plans by 1 March.

A decision on which projects will receive a chunk of funding will be made in April.

Projects must be at least £3m in size or require up to £10m in Government funding.