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Summary sheet

Release date
11 December 2007
Status
Reference
Under appraisal | 11/12/2007
20070334
Project name
Promoter - financial intermediary
Hastings College

Hastings College of Arts & Technolgy

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Up to GBP 7 million. (under an existing Education Framework Facility with Barclays Bank plc, London)
Up to GBP 92 million.
Location
Sector(s)
Description
Objectives

The Project concerns the relocation of the current three College campuses to two newly developed sites at Station Plaza and Ore Valley, both in Hastings. The two new facilities will provide more than 27,000 m² of useable space. These new sites and their improved facilities will be much better suited to meet the needs of the College and its growing student base.

 

The Project is a core part of an ongoing investment programme at Hastings College to expand, improve and rationalise its infrastructure, in order to provide the growing student population with an improved learning environment, a better quality of education, and to expand accommodation facilities.

 

Environmental aspects
Procurement

The Project comprises the construction of new facilities for educational activities. Council Directive 85/337/EEC as amended by Directive 97/11/EC and 2003/35/EC on Environmental Impact Assessment (EIA), does not specifically mention facilities for higher education, but these could in some circumstances be seen as urban development projects, thus falling under Annex II of the Directive. The basis for requesting an EIA by the competent authorities will be verified during project appraisal.  

English Further Education colleges, including Hastings College, are required by the Learning and Skills Council to follow EU procurement guidelines.

Link to source
Summary sheet

Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

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Alternatively, the EIB can be contacted through its external offices.
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The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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