Former BMI boss donates £1m to university
East Midlands businessman Lord Glendonbrook has donated £1m to Loughborough University. The money will be used to establish the Glendonbrook Centre for Enterprise within the university's school of business and economics.
The donation from Lord Glendonbrook, formerly Sir Michael Bishop, will also allow the university to set up several doctoral fellowships, providing full funding to postgraduate students studying for a PhD at the university.
Professor Angus Laing, dean of the school of business and economics, said: "We need to encourage innovation and create new businesses if we are to build long-term stability in the East Midlands. This generous gift from Lord Glendonbrook will allow us to set up an ambitious programme of enterprise education, which in turn will foster new business ideas – the perfect antidote to the current economic climate."
Lord Glendonbrook is the former owner of BMI. He has also been chairman of Channel 4 and director of Airtours (now renamed MyTravel). He received an honorary degree from Loughborough University in 1989.
