University of Nottingham reveals £75m expansion plan

The University of Nottingham has secured a £75m revolving credit facility from HSBC which it says will help it expand its estate, update it webiste and digital assets and take on more staff.

The deals comes after HSBC has been supporting the University of Nottingham’s China and Malaysia campuses for several years.

Margaret Monckton, chief financial officer at the University of Nottingham said: “We are delighted to be working with HSBC in the UK. This funding will enable us to continue enhancing the student experience specifically through our digital transformation, our research vision and our ongoing estates programme. It also builds on our existing relationship with HSBC and paves the way for a longstanding relationship that will continue to benefit our students.”

Jon Bramwell, managing director of large corporates in HSBC’s Midlands and East team, said: “By extending our relationship with the University of Nottingham locally, we are helping them realise their growth plans on a larger scale by putting programmes in place that will continue to attract new students at all three of their campuses.”

Suzy Verma, HSBC’s head of public sector and education in the UK, added: “Given our regional presence we are well placed to support Midlands’ universities with their strategic plans, helping to drive regional economic growth and support the supply of a diverse, talented graduate pool to local businesses. HSBC’s global presence and expertise will enable us to continue to support the University of Nottingham as they increasingly become bigger players on the international stage.”

The funding was arranged by Stephen North, relationship director.