University of Edinburgh receives £200m loan to develop campuses

WCN Editorial Team 24 Feb 2016 EUROPE BUILDINGS, BUSINESS

The University of Edinburgh has received a £200m loan from the European Investment Bank (EIB) for the development of its campuses.

The EIB loan, alongside £100m from a US investment fund, will support several building and refurbishment projects over the next 10 years as part of a £1.5bn building programme.

 

The 10-year plan will include a new building for the School of Biological Sciences, construction of a Data Technology Institute, as well as refurbishment of School of Law at Old College.

 

In addition, plans will also include the redevelopment of the McEwan Hall into a combined ceremonial and conferencing facility.

 

EIB vice president Jonathan Taylor said: “The European Investment Bank recognises the ambitious development plans that will strengthen world class research, teaching facilities and student life at the University of Edinburgh over the next decade.

 

“This new £200m 30-year loan to the University of Edinburgh represents one of the largest ever loans to a European University, and reflects both the quality of the campus development plan, and the European Investment Bank’s clear commitment to support long-term investment in Scotland.”

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