University secures £45m funding for new buildings

Birmingham City University consevatoireBirmingham City University has secured a £45m revolving credit facility from HSBC to support the construction of three new buildings.The five-year deal will provide project finance and working capital to enable the completion of three construction projects this year.This includes the new Birmingham Conservatoire, an extension to The Curzon Building at City Centre Campus and the extension to the Seacole building at City South Campus.The university’s conservatoire is the first complete new build in the UK since 1987 and will provide state-of-the-art performance space.The new Curzon Building extension will house in excess of 3,000 students and members of staff and features more than 650-rooms, a student hub, lecture theatre and mock courtrooms, adding a 100,000 sq ft extension.The new Seacole Building will accommodate the relocated School of Education as well as the new School of Life Sciences.