From www.gov.uk
Phase 1
In August 2011, we invited schools in need of urgent repair to apply for the first phase of the priority school building programme (PSBP).
In May 2012, we confirmed that 261 schools would be rebuilt (or completely refurbished) through PSBP. The first schools rebuilt as part of PSBP opened in May 2014.
Phase 2 (PSBP 2)
In May 2014 we announced plans for a second phase of the PSBP (PSBP2). This second phase concentrates on the individual school buildings (or blocks) in the worst condition, so it will not always rebuild or refurbish entire schools. We will invest a total of £2 billion in the programme.
In February 2015 we confirmed that 277 schools would have at least one of their buildings (or blocks) rebuilt or refurbished through PSBP2.