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Keep up to dateCosts | |
How the college’s construction was funded | |
College reserves | £14.4m |
Learning and Skills Council | £14.2m |
Sale of property and land | £6.1m |
Bank loan | £12.3m |
Contributions from University of Essex | £2m |
The Higher Education Funding Council | £2m |
ERDF grant | £1m |
Build costs | |
Base building (excluding professional fees and VAT but including a raised access floor throughout) | £29.3m |
Core fit out (including wall finishes; floor and ceiling finishes; all internal plaster board and glass partitions but excluding professional fees and VAT) | £6.2m |
Fixtures, furniture and equipment (80% of furniture was relocated) | £2m |
Total cost | £37.5m |
Cost per m2 | £1402 |