£28m funding deal for historic school site

Warwick School, left to right: Simon Jones (Warwick School), Chris Jones (Wright Hassall), Jonathan Lynch (HSBC), David Varnham (Mills & Reeve).

A £28m funding deal is helping to transform one of the most historic school sites in the Midlands.

Warwick Independent Schools Foundation will move King’s High School for Girls onto the Myton Road site which is already home to Warwick School and Warwick Preparatory School.

Warwick School lays claim to a history stretching back 1,100 years, while King’s High School has occupied its existing town centre site since it was established in 1879, and that site will be sold as part of the development.

The move, which will take three years to complete, will see the creation of a main school building, a shared music building and a sixth form centre alongside improvements and extension to the Bridge Sports Centre.

The development finance package was arranged by HSBC and Jonathan Lynch, the bank’s deputy area director for corporate banking, described it as a “significant deal”.

Leamington-based law firm Wright Hassall acted for the Foundation on the financing and Mills and Reeve acted for HSBC.

Chris Jones, of the Banking & Finance team at Wright Hassall, added: “This is a transformative project not only for the Foundation and its schools, but also for the town of Warwick and the surrounding community of which we are all part.”