The revolving credit facility (RCF) will enable the university to continue its investment in infrastructure, IT capability and improve core business systems as it strives to become Scotland’s top university.
Andrew Hewett, director of finance at The University of Dundee, said: “Our core mission is simple: to transform lives, locally and globally, through the creation, sharing and application of knowledge. To deliver on this promise we will be investing in academic areas and the professional services which support them.
“By partnering with Bank of Scotland’s Education, Communities and Government team we are working with an adviser that understands what we are looking to achieve. This funding facility will help us to deliver a stronger institution for our students and wider academia that will enable them to continue making a real difference in the world.”
Graeme Keen, relationship manager at Bank of Scotland, added: “Now ranked number one in Scotland for student experience by the Sunday Times in 2016, we are pleased to be working with the University of Dundee to help it deliver its ambitious vision to become Scotland’s leading university.
“There are so many commercial pressures facing the sector moving forward, including the competitive recruitment of students from across the UK and the rest of the world. By initiating this development programme the University of Dundee will be well placed – more effective, efficient and flexible – to proactively take advantage of opportunities as well as tackle the challenges head on.”
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