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Excellence is extended with new plans for University of Reading

Release Date 24 November 2006

Business excellence at the University of Reading has received a further boost after planners agreed a major new extension.

Planning consent was granted to build a new business school, while expanding the current ICMA centre, which concentrates on the financial markets. It will be jointly funded by the University, the Higher Education Funding Council for England and the International Capital Market Association (ICMA).

The development means a huge boost for the schools involved and the University as a whole, providing a modern business school capability with state of the art teaching and learning facilities, bringing together the Real Estate and Planning, Economics and Management departments which currently operate across a number of existing buildings across campus. Building will start in the New Year.

Craig Nowell, head of projects, feasibility and design at the University, said: "This is tremendous news and a fantastic achievement for the University and all those who worked so hard to make this happen. I would like to personally thank everyone involved for their hard work, enthusiasm and patience.

"I am now looking forward to the creation of new teaching and learning environments for our students and building what is one of the most exciting new build projects the University of Reading has been involved in for many years."

Gordon Marshall, University Vice Chancellor, said: "Many people have put a tremendous amount of hard work into getting this project off the ground and this is a very proud moment for them, and for the University. This is a great opportunity for the University and for the students studying at ICMA and the business school."

Incorporated in the development will be a 275-seat state of the art lecture theatre, library facilities, offices, seminar rooms and café, as well as new dealing rooms, multi-media area, archive store and PhD learning space.

It will be located in the heart of the Whiteknights campus, near the existing ICMA centre.

In order to accommodate the new building, a car park will be removed but a new one of equal spaces will be built.

Planners at Wokingham District Council and Reading Borough Council have now approved the project.

Ends

More information about ICMA:

The International Capital Market Association (ICMA) is the self-regulatory organisation and trade association for the international securities market. Its primary role is to oversee the fast-changing marketplace through the issuing of rules and recommendations relating to trading and settlement practices. ICMA currently has over 400 members in almost 50 countries and has a proven track record in representing their interests. In addition to its regulatory role, ICMA also provides its member firms - and other users - with a range of services, products and support.

About the University of Reading:

The University of Reading is one of the foremost research-led universities in the UK. Founded in the nineteenth century and gaining a Royal Charter in 1926, we offer a wide range of programmes from the pure and applied sciences to languages, social sciences and fine art. New research and the latest thinking continually feed into undergraduate teaching, with our academic staff working at the forefront of their fields of expertise.

Lucy Ferguson, senior press officer

0118 378 7388

L.Ferguson@reading.ac.uk

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