The Building Schools for the Future programme has been under review for the last few weeks and this afternoon the Education Secretary Michael Gove said that it would scrap projects that would have improved 715 schools as part of its cutbacks.
That leaves 706 schools in the existing BSF programme, which is served by resellers and educational channel specialists, still going ahead with projects but with the proviso that where cuts can be implemented they will be.
Of those schools left on the table 26 of them will be ICT only projects and the majority will be refurbished and remodelled rather than rebuilt.
The BSF scheme was introduced in 2004 by the last Labour government as part of its commitment to improving schools and increasing the use of ICT in education with improved technology part of the package in most school revamps.
But Gove said that the rebuilding programme had often been hit by delays and a review was long overdue.
The government rolled out a group of people to back up it's decision including some of the educational organisations with experience of working with BSF.
Sir Bruce Liddington, Director General of E-Act, described the current programme as "very bureaucratic, slow and unwieldy and I would welcome a review."
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