Aston University has secured a new £40 million finance facility with HSBC UK to support the delivery of its new corporate strategy.
The funding will help the university deliver against its commitment to providing high-quality facilities that respond to the needs of its three main beneficiaries - students, businesses and the West Midlands region.
As well as the finance, the university will benefit from a wider package of support from the bank including networking events, workshops for staff and students and the development of a cybersecurity degree.
Birmingham-based HSBC UK has also been providing Aston University with an ongoing financial wellbeing programme for its students aimed at helping them to plan and manage their finances.
Alison Davies, director of finance at Aston University, said: "We're committed to delivering outstanding education for our students, fostering engagement with local industry, business and the public sector and strengthening ties with the West Midlands region. Our longstanding relationship with the bank will help underpin our academic success by making Aston University an attractive proposition to students and partners, both at home and abroad."
Suzy Verma, head of public sector and education at HSBC UK, added: "We've been working with Aston University for the last three years and in that time we've seen the institution go from strength-to-strength.
"We are especially delighted to put a funding package in place which helps support its strategic vision and will allow the university to attract and retain talent in the region, a key ambition for the city. We look forward to continuing our relationship with the university going forward and exploring how our partnership can add value to students and the wider region."
