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£50 million boost for University
Teaching and research at the University are to benefit from a £50 million loan from the European Investment Bank.
The funds will help support projects including the newly created Edinburgh Centre for Carbon Innovation, the main library refurbishment and the installation of an energy efficiency network.
The funds will also enable improvements at the School of Languages, Literature and Cultures
Funding deal
This will also make a significant contribution to our commitment to energy efficient facilities for students and staff.
Professor Sir Timothy O'Shea
University Principal
A financial agreement has been signed by University Principal Professor Sir Timothy O'Shea and Simon Brooks, Vice President of European Investment Bank.
The Edinburgh Centre for Carbon Innovation, to be based in High School Yards, will seek to foster collaboration between policy, community and business leaders to support and deliver a low-carbon future.
The green credentials of the European Investment Bank-funded scheme also include plans to cut carbon emissions on the campus to enable the University to meet climate change targets.
Collaboration boost
Development of the University of Edinburgh campus will improve research collaboration and overall learning through relocation of key activities from different sites.
Over the past five years the European Investment Bank has provided £1.6 billion for education investment in the UK.
Between 1997 and 2012 the European Investment Bank provided loans worth GBP 11bn to more than 125 projects education across Europe.
This loan will help to fund a range of new-build and refurbishment projects that will enhance the quality of the research and teaching infrastructure at Edinburgh.
Professor Sir Timothy O'Shea
University Principal
The European Investment Bank is committed to funding educational excellence across Europe and is pleased to suport this landmark investment in one of the leading academic institutions in Scotland.
Simon Brooks
Vice President, European Investment Bank
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