Court approves £775 million Estate Strategy
At its meeting held on 24 February Court approved a Campus Estates Strategy involving investment of £775M in the Estate over the next ten years. This is to be made up of:
- £450M of new capital investment
- £175M of capital investments which have already been committed
- £150M of anticipated maintenance and refurbishment spend
Ann Allen, Director of Estates and Buildings told E-News: "The decision of Court is a major milestone for the University of Glasgow and confirms our commitment to developments which will ensure we are fully fit for purpose for students, staff and research colleagues.
"Over the next decade we will see the development of significant new additions to our facilities, both at the Western site but also elsewhere on campus – starting with a Learning and Teaching Hub that will be built next to the Boyd Orr Building.
"There are also some existing buildings which are extremely significant and it was pleasing that Court also recognised the role they play and the need to invest in improving some of the facilities within them," she said.
The developments in the new ten year capital plan are outlined here:
|2015 – 2025|
|Teaching & Learning Hub (all phases)|
|Data Centre attached to the Research Hub|
|New building collocating Institute of Health and Wellbeing & Social Science|
|Improvements to Gilbert Scott Building to support Adam Smith Business School|
|College of Arts co-location|
|Refurbishment of existing major buildings including Physics and Astronomy, Chemistry and Life Sciences|
|Clean Animal holding facility|
|College of Science and Engineering, with focus on Engineering with opportunities for Computing Science & Maths and Stats|
|Refurbishment existing facilities for University Services to allow move back to campus|
In addition the University will seek external funds to build a Centre for Research into Chronic Diseases and to move the Hunterian displays to Kelvin Hall.
At this stage, priority has been given to the development of the Teaching & Learning Hub. Progress on other projects will be subject to the development of satisfactory designs and business plans, which will be developed over the next two years.
Here is how the additional £450M will be funded:
|Type of funding over ten year period||£millions|
|Cash generated during the period from annual surpluses||100|
|Disposals / income generation||50|
First published: 2 March 2015