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Leicestershire, UK
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13 September 2006 PR 06/102

University submits planning application for on-campus student accommodation

Loughborough University has submitted a planning application to Charnwood Borough Council for the provision of 1,300 student bedrooms on campus.

Submission of the planning application marks the culmination of complex negotiations with potential partners for the scheme and detailed discussions on the project design. The multi-million pound project will be the largest single investment ever made by the University.

The new accommodation will be built on the site of an existing car park on the north side of the campus. The 1,300 bedrooms will provide three new halls for undergraduates. Two of the new halls will have 400 bedrooms and one will have 200 bedrooms. There will be an additional block with 300 bedrooms for post-graduates. The overall development will be a mix of four and five storey buildings, arranged around a courtyard to identify the individual halls. The halls will be provided with self catering facilities but two of the Halls will include flexible packages for the nearby restaurant and social centre.

Shirley Pearce, Vice Chancellor, said: “We are delighted to submit the planning application for this exciting project. We look forward to construction of this development which will provide students with superb accommodation on campus.”

Loughborough Students’ Union have been working closely with the University on the development of the project. Gemma Godfrey, president of Loughborough Students’ Union welcomes the development and commented: “The Student Union strongly supports the provision of these bedrooms on the campus and looks forward to the first students taking up residence.”

The University’s partner for provision of the accommodation is University Partnership Programme (UPP) and a letter confirming them as preferred bidder for the scheme was signed last week.

UPP has considerable expertise in university student residential accommodation, having committed well over £600 million of private finance to this area since 1997. Their portfolio of rooms now numbers over 16,000 and sufficient third party institutional investment has already been attracted to provide finance for projects totalling around £900m over the next five years.

Clive Crawford, Chief Executive of UPP, said: “We are delighted to be working in partnership with Loughborough University on such a ground-breaking scheme and providing new, state-of-the-art accommodation which will help attract future students to the university.”

Subject to the necessary planning permissions it is anticipated that work on site will begin in early 2007. The first 300 rooms will be available for occupation in September 2007 and the remainder by September 2008.

ENDS

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Notes to editors

  1. University Partnerships Programme (UPP) provide an innovative solution to the development, ownership and operation of university student residential accommodation. UPP aims to be the first choice private sector provider of asset and infrastructure based services to universities and their students.
  2. UPP is owned by its highly experienced working management team and the Alma Mater Fund, a joint venture partnership co-managed by 3i and Barclays Private Equity.
    The Alma Mater Fund, formed in 2003 and co-managed by Barclays Private Equity and 3i, seeks to meet the increasing funding requirements of the Higher Education sector in the provision of residential accommodation.
  3. Loughborough has an established reputation for excellence in teaching and research, strong links with industry, and unrivalled sporting achievement. Assessments of teaching quality by the Quality Assurance Agency place it in the top flight of UK universities; the National Student Survey ranked Loughborough equal first among full-time students; and industry highlights the University in its top five for graduate recruitment. Around 40% of Loughborough’s income is for research, and 60% for teaching. The University has been awarded five Queen's Anniversary Prizes: for its collaboration with aerospace and automotive companies such as BAE Systems, Ford and Rolls Royce; for its work in developing countries; for pioneering research in optical engineering; for its world-leading role in sports research, education and development; and for its outstanding work in evaluating and helping to develop social policy-related programmes.

    In 2006 Loughborough celebrates the 40th anniversary of its University Charter, awarded on 19 April 1966 in recognition of the excellence achieved by Loughborough College of Advanced Technology and its predecessor Colleges. Loughborough University of Technology was renamed Loughborough University in 1996.

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