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University secures £40m to deliver corporate strategy

12 September 2019

Aston University is on course deliver its new corporate strategy after securing a £40 million finance facility from HSBC UK.

The university says the funding will aid its commitment to providing high-quality facilities that respond to the needs of students, businesses and the West Midlands region.

As well as the multi-million pound finance package from HSBC UK, Aston has benefitted from a wider package of support from the bank including a programme of networking events and workshops for staff and students, the development of a cybersecurity degree and the delivery of a student Hackathon event.

HSBC UK has also been providing Aston with an ongoing financial wellbeing programme for its students, which helps them plan and manage their finances as part of a growing commitment to the health and wellbeing of those studying at the institution. 

Alison Davies, director of finance from 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.

“HSBC UK has a fantastic reputation in the higher education sector and it was clear from the tendering process that the team could offer a competitive all-round package, including strong links to the global marketplace.

“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.”

Aston University has been awarded ‘gold’ in the Teaching Excellence Framework (TEF), which focuses on teaching quality and student satisfaction, after finding that students achieve ‘consistently outstanding outcomes’, with high proportions going into highly skilled employment or further study.

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