A ‘building boom’ worth around £9 billion is set to take hold at some of Britain’s most well-known universities, timeshighereducation.co.uk reports.
According to a new report for the Russell Group of universities, multi-billion pound investments in both buildings and facilities are set to take place in 69 capital projects across its 24 member institutions.
This hive of operation is set to take place in the four years to March 2017 and will include everything from office space to start-up hubs and medical research facilities.
Among the most high profile project is the striking new engineering building set to be opened at Sheffield University in 2016. The £81 million project is expected to create 500 construction jobs, bring £44.5 million into the local economy by the end of its first year and accommodate 1,600 students (as well as 400 members of staff).
Other big name institutions also lining up projects include Manchester University, Imperial College London, the University of Cambridge and Birmingham University. These will combine to be responsible for supporting 60,000 permanent jobs and 37,800 temporary ones. The economy, meanwhile, could be boosted by £44.3 billion as a direct result.
Director general at the Russell Group, Wendy Piatt, told bbc.co.uk of the building boom: “We will keep investing on behalf of our students and academics, but the rest of the world are snapping at our heels and spending money to match their ambition.
“We must do the same.”
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