GLJ Consulting was pleased to work with Newcastle University to undertake a detailed financing options appraisal for the University to raise £100M towards their ambitious capital investment programme as part of delivering the University’s strategic vision. The appraisal included both on and off balance sheet financing and recommended a European Investment Bank (EIB) loan as the most appropriate financing in terms of flexibility and cost to meet the University’s requirements.
GLJ, together with legal advice from Muckle LLP, supported the University in negotiating and completing the loan facility. This culminated in the establishment of a 30 year £100M finance contract with EIB being signed on 11th February 2015.
For a copy of the Press Release please see: £100m investment in Newcastle University