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Applications sought for low interest loan scheme

£40m to be made available for carbon reduction/campus development projects.

13 Jul 2018

Up to £40m in low-interest loan funding will be available for universities undertaking strategic development projects in 2018-19, thanks to a Scottish Government-funded initiative. 

In addition, finance from the Building Scotland Fund will be available to universities for business-led research and development projects.

The Scottish Funding Council (SFC) will administer the loan funding, and select successful proposals for funding based on their eligibility.

The loan funding is aimed at ‘spend-to-save’ projects (including energy efficiency), strategic development of university campuses for the improvement of the student experience, and industry-led projects for research and development.

Martin Fairbairn, SFC’s Chief Operating Officer said, “We are very pleased to be able to offer this loan funding, which will help universities to invest in providing more world-class learning experiences, research facilities, and support their efforts to meet targets in the Climate Change Scotland Act.”

Further information on how to apply for the low interest loans.