Principal theme: Financing our ambitions |
Ïã¸ÛÁùºÏ²Ê agreed a £280 million loan from the European Investment Bank, the largest sum ever lent by the bank to a university.
We will use the 30-year loan to develop our Bloomsbury campus, and finance the building of Ïã¸ÛÁùºÏ²Ê East, our new site at the Queen Elizabeth Olympic Park in east London.
We are investing £1.25 billion over 10 years to implement Transforming Ïã¸ÛÁùºÏ²Ê, our programme to develop the two campuses as well as other projects across London, to support growth in our world-leading teaching and research, and to create a more vibrant, student-focused environment.
Our Bloomsbury campus is undergoing an ambitious programme to upgrade and expand, including the , and the building of a New Student Centre.
In 2014, we announced that to enable further expansion we would build Ïã¸ÛÁùºÏ²Ê East, a new campus at the Queen Elizabeth Olympic Park, forming part of the wider Cultural and Education District. The new campus will be a radical new model of how a university campus can be embedded in the local community and with businesses, and is due to open during the 2019–20 academic year.
The loan agreement was formally signed during a visit to Ïã¸ÛÁùºÏ²Ê by Jonathan Taylor, Vice-President of the European Investment Bank.
Since 2010 the European Investment Bank has provided more than £2.1 billion for transformational investment at 30 universities across the UK. Transforming Ïã¸ÛÁùºÏ²Ê is one of the biggest capital investment programmes being carried out in the higher education sector in the UK.
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