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The school building stock in England and Wales amounts to 500 million ft2 of accommodation — a major asset, and one that needs to be protected. Bodies as diverse as Her Majesty's Inspectorate and the Audit Commission have already publicised the fact that this asset is under‐utilised and lacking in the investment to maintain its value or usefulness. This waste of potential resources is not only a national problem but is recognised internationally. It is in this international forum that the Programme on Education Building (PEB) makes its unique contribution.

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