HSBC agrees £75m credit for University of Nottingham

HSBC agrees £75m credit for University of Nottingham

The University of Nottingham has received a £75m revolving credit facility from HSBC to further enhance its facilities and the university experience for students.

The funding will allow the University to continue developing its estate, including teaching and learning spaces, as well as the facilities for its world-class research programme.

Additionally, the University will continue improving its library and social learning spaces, transform its website and digital assets and invest in the aspiring research leaders of the future.

HSBC has been supporting the University of Nottingham’s China and Malaysia campuses for several years and with HSBC’s head office move to the Midlands, the two global organisations have now begun working together in the UK too.

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, commented: “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 & 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 University of Nottingham is in the top 85 universities in the world, according to the QS World Rankings 2018.

In the 2015/2016 academic year, more than 44,500 students attended the University worldwide and this number has been growing year-on-year.

The funding was arranged by Stephen North, relationship director.