Alyn Welcomes £50 Million EU Boost For Edinburgh University

SNP MEP Alyn Smith has today welcomed a £50 million loan from the European Investment Bank to the University of Edinburgh.

The funds will help support projects including the newly created Edinburgh Centre for Carbon Innovation, refurbishment of the main library, the installation of an energy efficiency network and improvements at the School of Languages, Literature and Cultures. 

Alyn said:

"This is fantastic news for Edinburgh University. These EU funds will make a real, significant contribution that will benefit students and staff.

"This financial agreement has been signed by University Principal Professor Sir Timothy O´Shea and Simon Brooks, Vice President of the European Investment Bank.

"Between 1997 and 2012 the European Investment Bank provided loans worth £11 billion to more than 125 education projects across Europe. This loan will help to fund a range of new-build and refurbishment projects that will enhance the quality of the research and teaching infrastructure at Edinburgh.

"The European Investment Bank is committed to funding educational excellence across Europe and I am delighted that this landmark investment is in one of the leading academic institutions in Scotland."