Release date: 11 December 2007
Promoter – Financial Intermediary
Hastings College of Arts & Technolgy
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.
Proposed EIB finance (Approximate amount)
Up to GBP 7 million. (under an existing Education Framework Facility with Barclays Bank plc, London)
Total cost (Approximate amount)
Up to GBP 92 million.
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.
Under appraisal - 11/12/2007
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).