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Capital expenditure for the Department of Education in England was 4.9 billion British pounds in the 2021/22 financial year, with planned expenditure for 2022/23 rising to 6.4 billion pounds. This type of expenditure concerns the purchasing, investment, and maintenance of fixed assets such as buildings. Although education capital spending amounted to over nine billion pounds per year prior to 2011/12, this was cut to 6.4 billion pounds in 2011/12, and has gradually declined further since that financial year.