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Costs
How the college’s construction was funded
College reserves Β£14.4³Ύ
Learning and Skills Council Β£14.2³Ύ
Sale of property and land Β£6.1³Ύ
Bank loan Β£12.3³Ύ
Contributions from University of Essex Β£2³Ύ
The Higher Education Funding Council Β£2³Ύ
ERDF grant Β£1³Ύ
Build costsΜύ
Base building (excluding professional fees and VAT but including a raised access floor throughout) Β£29.3³Ύ
Core fit out (including wall finishes; floor and ceiling finishes; all internal plaster board and glass partitions but excluding professional fees and VAT)Β£6.2³Ύ
Fixtures, furniture and equipment (80% of furniture was relocated)Β£2³Ύ
Total cost Β£37.5³Ύ
Cost per m2 Β£1402