That is exactly why it is important for us not to stop the plans but to accelerate them, and that is what we are doing with Building Schools for the Future, with FE capital and with the primary capital programme. It is vital that we provide those programmes, and that we support the PFI market at this time. I hope that the prospect of a loan of £300 million from the European Investment Bank will also be welcomed.

Because the FE schemes are important, they must be assessed properly by the Learning and Skills Council, and the proper finance needs to be in place. However, along with the Department for Innovation, Universities and Skills, we are committed to doing all that we can to proceed with those projects so that we can continue to support our economies and, as my hon. Friend suggests, support regeneration.