Funding boost for Strategy delivery

Durham University has successfully secured £225 million of borrowing through a private placement. The funds will be used to support the delivery of the University Strategy, 2017-2027 , which aims to ensure Durham University can extend its mission to contribute to society by delivering world-class research and education and an unmatched wider student experience. The Strategy includes an extensive Estate Masterplan , with proposals to develop new buildings while delivering significant refurbishment to existing University buildings. Watch a video about the University Strategy, 2017-2027 The funds will be provided by one UK and five North American institutional investors. The transaction is the University's first capital markets issue and was heavily over-subscribed by both UK and North American investors. Show of confidence Professor Stuart Corbridge, Vice-Chancellor of Durham University, said: "I warmly welcome the confidence in Durham University that investors have shown. "The University is performing extremely well and will now further enhance its position as the number one UK university combining excellence in research, education and the wider student experience.