Public spending of £77.7m, through the Skills Funding Agency, will be matched with more than a £91.1m investment from the colleges themselves.
The CCIF programme is making a total of £550m available between 2013 and 2015.
Business secretary Vince Cable said: “There is a longstanding backlog in college building and refitting. We are investing to address this. These colleges will be able to provide good teaching facilities in all parts of the country, helping us to build the skills base across the country.
Projects being supported include:
- a £3.25m redevelopment of Cornwall College’s Falmouth campus
- construction of a £5.1m STEM project and research centre, which will focus on engineering and construction at East Berkshire College
- a new £14m centre for engineering and manufacturing at Fareham College
- a £3m construction and motor vehicle centre at Myerscough College in Preston
- a £5.7m engineering & innovation centre at West Nottinghamshire College.
A third round of funding is planned for the autumn.
According to government figures, 800,000 college students in England are “currently learning in sub-standard buildings”.