Oxford will be refurbished by massive £200 million EU loan

Because Greece don’t need it that much


An enormous European Investment Bank university loan has been granted to Oxford, as part of a renovation and research investment scheme.

The 200 million pound loan is a major boost to the university’s fundraising campaign, which has brought in over two billion pounds since 2004.

Oxford  will use the 30-year loan to replace and upgrade existing buildings, build new laboratories for the bioscience and physics departments and refurbish the Weston Library – home, amongst other things, to some of William Shakespeare’s original manuscripts. 

Weston will be getting a facelift

Andrew Hamilton, Oxford’s vice-chancellor said: “Their support now gives us greater freedom to progress our vision of a continually evolving campus, enabling world-leading academics to tackle the great research challenges of the 21st Century.

“Investment in research facilities and teaching is essential to unlocking new ideas and scientific discoveries and the European Investment Bank is committed to supporting investment at leading universities across Europe.”

However, there are allegations of the loan being demonstrative of a lack of impartiality within the Union, with the loan coming after the Oxford University Press described the EU as “the most successful modern experiment in international cooperation”.