£10 million boost for university facility in Peterborough
Press release issued: 21 November 2006
The funding, which has been agreed in principle by the board of the East of England Development Agency (EEDA) and the Higher Education Funding Council for England (HEFCE), will see the college working closely with local industry. The university's expertise and skills will then be transferred directly into business activities, helping grow the city's economy.
The Peterborough funding is part of a wider £20 million package that will see the construction of two new buildings for Anglia Ruskin University in Peterborough and Harlow. The intention is to open these new facilities during the academic year 2008-2009.
"EEDA is very proud to have been a leading force in driving this innovative project forward, having successfully helped bring together a number of partners to turn what was once a dream into a reality.
"This is a major step forward for Peterborough in terms of developing a broad skills base that can support its growing economy. Not only will the new centre increase participation in higher education in the city, but also it will provide essential links with businesses, and this will inevitably help improve workforce productivity and business development."
"We are delighted to have reached outline agreement on the funding of the new facilities. This is a major step towards the creation of a self-sustaining university centre for Peterborough, which will to help achieve the ambitious development plans of both the city council and Opportunity Peterborough.
"The growth in population, the economy and public services, particularly the new hospital development, sets high targets for higher education in the area. We look forward to the challenge of meeting these targets and are very grateful to EEDA for the support they have given to the project so far."
"I am tremendously thrilled by this final agreement of funding which enables a university centre building to be constructed on the Peterborough Regional College campus. This builds on the excellent work already undertaken at PRC at degree level and we look forward to growing our provision further with our partners Anglia Ruskin University. This represents a step-change for the city of Peterborough."