The region's newest university has announced a major expansion and building programme - bucking the trend of the credit crunch.
Edge Hill University clinched the £30m agreement with Barclays Bank Plc to fund 50 per cent of the £60m proposed capital developments on the Ormskirk site over the next five years.
The capital will be used to support a range of major development projects including residential accommodation, space for academic delivery and enhanced sports facilities over that period.
Steve Igoe, Pro Vice-Chancellor at Edge Hill University, said: "We are delighted to continue our long association with Barclays Bank and are pleased to work in partnership with them as the providers of this finance for future capital developments of the University.
"We have worked with Barclays and its Relationship Team for many years and benefited greatly from their understanding of our needs and requirements.
"This understanding and recognition of the financial covenant and strengths of the University was instrumental in enabling us to access these funds on an unsecured basis and at extremely competitive rates, despite the shortage of such funds generally in the market as a result of the global credit crunch."
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