University campus to get major overhaul
The improvements are part of the university’s five-year strategic plan, which involves multi-million pound investments in several capital expenditure projects, including the redevelopment of the Brynmor Jones Library and revamped sports facilities.
The university has secured a new revolving credit facility from Lloyds Bank Commercial Banking. The facility will provide day-to-day working capital and project-related development finance as and when required.
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Hide AdNeil Scott, the University of Hull’s chief finance officer, said: “To help deliver the aims of our strategic plan it is necessary to make a significant investment in our teaching facilities, IT systems, people and processes.
“All of these investments will enhance the experience of our students and ensure that we remain competitive in a changing market.”
The University of Hull, which has 2,000 staff and more than 20,000 students, operates from campuses in North Hull and Scarborough. It also operates a joint medical school with the University of York.
David Hunt, relationship director at Lloyds Bank in Sheffield, said that the higher education sector is becoming more competitive as students adopt a more consumer approach to their education, but that this investment will differentiate the University of Hull from its competitors.