Education secretary Gavin Williamson unveiled the plan during his speech to the Conservative Party Conference last month.
He also pledged to open 16 to 19 maths schools in every region of the country.
Mr Williamson said that Apprenticeships, technical and vocational education are “just as valuable as university education”.
Institutes of Technology are collaborations between further education providers, universities and employers. They specialise in delivering higher technical education (at Levels 4 and 5) with a focus on STEM subjects.
In April, the government announced funding of £170 million for 12 Institutes of Technology, with the first ones opening their doors this term.
Mr Williamson said the additional £120 million will bring the number of institutes up to 20 in total.
Register now, read forever
Thank you for visiting SecEd and reading some of our content for professionals in secondary education. Register now for free to get unlimited access to all content.
What's included:
-
Unlimited access to news, best practice articles and podcast
-
New content and e-bulletins delivered straight to your inbox every Monday and Thursday
Already have an account? Sign in here