There are considerable opportunities for architects and construction firms as UK universities go through a period of expansion
Despite doom and gloom on the UK high street and in manufacturing, the UK further education sector is booming. Rising demand for places from international students is leading to an era of expansion amongst the UK’s leading universities which are set to borrow over £3bn to finance new projects.
University College London has announced that it has secured a £280m loan, the largest amount lent to a university by the European Investment Bank.
The money will help to finance a new campus on the Queen Elizabeth Olympic Park in east London and upgrade and expand buildings on the Bloomsbury campus.
The sum is considerably more than the £200m provided by the same bank to the universities of Edinburgh and Oxford.
The government has also recently removed the cap on student numbers meaning that the income stream from fees will continue to grow.
According to The Times, recent developments include, Kings College London leasing Bush House in London, formally the home of the BBC and the University of Glasgow acquiring a 14-acre former hospital site to build a new £1bn campus. The University of Cambridge is also building a £1bn campus to the north of the city, the largest development in its 800 year history.
All of these projects will bring valuable opportunities for architects as UK campuses continue to expand.