Christie + Co

Essential reading for education companies worldwide
 
 
Remember me:
Skip Navigation LinksEI article
EIB doubles BSF bailout to £600m

The European Investment Bank (EIB) is set to double its investment in the struggling Building Schools for the Future (BSF) programme, according to reports.

The EIB made some £300 million available earlier in the year to BSF deals that had been stopped in their tracks by the banking crisis, which effectively led to the collapse of the private finance initiative market.

The first tranche of funding is yet to distributed but Partnerships for Schools (PfS), BSF’s delivery body, is said to be in discussions with the EIB about securing a further £300 million.

Speaking to EducationInvestor shortly before the turn of the year, Tim Byles, chief executive of PfS, hinted the EIB would play a major role in coming months. “We have had some very constructive discussions with the European investment bank,” he said, adding “I’m hoping that could become a general pattern of investment for up to 50 per cent of the senior debt for BSF schemes.”


Posted on: 27/03/2009




Latest news

21/07/2017
Online degree enabler Keypath Education has announced a partnership with UK-based university Aston University Online and Aston Business School to launch new online degree programmes.
20/07/2017
Real estate investment trust Empiric Student Property has raised £110 million through a share placing of 101 million shares at 109 pence each.
20/07/2017
Oslo game-based learning platform Kahoot! has raised another $10 million (£7.7 million) to its Series A round from existing and private investors, bringing the total of the round to $20 million.
19/07/2017
Bank HSBC and Birmingham City University (BCU) have agreed on a £45 million revolving credit facility to support the construction of three new buildings.
19/07/2017
Coding bootcamp Ironhack has raised $3 million (£2.3 million) in a financing round led by Madrid-based JME Venture Capital.
18/07/2017
VFS Edu Support Services, the education division of VFS Global, has announced a partnership with Oxademy Technologies to offer a global digital learning platform.
18/07/2017
​London-based software as a service firm Learnerbly has raised £1.6 million in a seed round led by Frontline Ventures.
14/07/2017
Educational video platform Knowledgemotion has raised £3 million from NVM Private Equity.
13/07/2017
Nursery group Kids Planet has bought Happy Day Nursery for an undisclosed amount in Davenport, Stockport.
13/07/2017
Higher education provider BPP University is exploring the sale of one of its institutions, EducationInvestor can reveal.



Parthenon

global | nurseries

Busy Bees is an enviable export story. From its first conception in 1983, the UK brand went on to launch its Asia division in 2014. Today, the group's revenue stands at £250 million, with the fast-growing Asian business contributing an estimated S$130 million. Ledetta Asfa-Wossen caught up with the woman at the helm
Read more...


Christie + Co

EducationInvestor Global events

Features and analysis

Digital credentials are considered the next big thing in education. Kirsten Noben investigates if the trend is here to stay

HelloUni aims to simplify the application process for prospective students. Founder and chief executive Olivia Feng tells us more

Education is increasingly starting to attract investment from technology giants. Kirsten Noben surveys the space

Enhanced realities lead where the everyday fails and there is no better field that this is proven in than in ed tech, says Mark Bridgeman, managing director of Eon Reality

Blackboard is still the dominant LMS provider but with increasingly more players in the market, competition is rife. Lee Blakemore, president of Blackboard International, explains what’s next for the firm

Busy Bees is an enviable export story. From its first conception in 1983, the UK brand went on to launch its Asia division in 2014. Today, the group’s revenue stands at £250 million, with the fast-growing Asian business contributing an estimated S$130 million. Ledetta Asfa-Wossen caught up with the woman at the helm

The private sector can help address Africa’s pressing educational needs, but both investors and policymakers must seize opportunities now, say Scott Featherston and David Ferreira, partners at Caerus Capital. Their new report, The Business of Education in Africa, details new findings about this dynamic region

Significant growth of English-medium international schools is expected, once a new policy replacing the Vietnamese government’s decree 73 comes into place later this year, says Sami Yosef of ISC Research

Deloitte