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