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    Reference: 20130538
    Release date: 27 April 2015

    Promoter – Financial Intermediary




    Programme loan for funding a range of capital expenditure investments in British research-intensive higher education institutions.


    The objective is to expand, update and improve the quality of the teaching and research facilities of the university. Refurbishment and restructuring of academic and administrative space aim to improve spaces and facilities within faculties, to cater for growth in student and staff numbers and to enhance the overall student experience. The project will also improve the energy efficiency of the premises.


    Proposed EIB finance (Approximate amount)

    GBP 65 million (EUR 78 million)

    Total cost (Approximate amount)

    GBP 130 million (EUR 155 million)

    Environmental aspects

    Universities and research institutions are not specifically mentioned in the directive on environmental impact assessment (EIA). An EIA is therefore not required in accordance with the EIA Directive 2011/92/EU. However, parts of the investment cover the construction of new facilities and therefore may be covered by Annex II of the directive in relation to urban development. The Bank's services will verify during appraisal whether an EIA is required for any component of the project as well as any potential impact on nature conservation sites.


    The Bank will require the promoter to ensure that contracts for the implementation of the project have been/shall be tendered in accordance with the relevant applicable EU procurement legislation (Dir. 2004/18/EC or 2004/17/EC and Dir. 2007/66/EC), with publication of tender notices in the EU Official Journal, as and where appropriate.


    Signed - 12/08/2013


    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).

    Related tags

    United Kingdom Education