RBS funds university expansion
The University of Warwick has secured a funding package from the Royal Bank of Scotland (RBS) to develop the campus and create more than 1,000 student rooms.
The undisclosed finance package will be used to construct academic and student facilities, as well as accommodation.
Over the next three years, the university plans to build new accommodation facilities, creating more than 1,000 student rooms.
The deal with RBS is the first of its kind to have been done through the European Investment Bank’s (EIB) £500m knowledge economy fund.
The EIB provides discounted finance packages for higher and further education facilities, science parks and incubation centres.
Professor Nigel Thrift, vice-chancellor of the University of Warwick, said: “The University of Warwick has arisen from being nothing but farmland in the 1960s to become one of the UK’s top ten research-led universities. This agreement with RBS enables us to make even more investment in our campus and the student experience. In particular it will assist in the creation of over 1,000 new student rooms to help meet the high demand for places on both our undergraduate and postgraduate degree programmes.”
