Bangor University lands a £45m funding boost from the European Investment Bank

Plans by Bangor University to upgrade teaching and research facilities are among the many developments which have received backing from the European Investment Bank. Europe’s long-term lending institution announced on the 2 April 2014 that it had agreed to provide £45m for the Welsh university’s expansion and modernisation plans.

The Welsh Government's Minister for Education and Skills, Huw Lewis commented:

'This significant investment is great news for Bangor University and for North Wales. It is a real vote of confidence in the University and will go a long way to ensuring students benefit from the very best academic facilities for many years to come. It is also an example of the tangible positive impact that European funding continues to have in Wales, following on from similar support from the EIB in Swansea University'.

• Primary Source

EIB: Press Release, 02.04.14: Bangor University campus investment and expansion plans gets GBP 45m European Investment Bank backing http://www.eib.org/projects/press/2014/2014-075-gbp-45m-for-bangor-university-campus-investment-and-expansion-plans.htm

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