BANGOR University's plans to transform facilities across the city will come to fruition after winning a £45 million investment from the European Investment Bank.
The university has announced it plans to upgrade facilities on Deiniol Road, Dean Street and the Normal Site, as well as renovating the main arts building, and improving sports facilities and halls of residence.
The investment will also help fund other projects on the university's estates strategy, including the Pontio arts building, which is expected to be complete in September, the Marine Centre Wales in Menai Bridge, and the safeguarding of listed university buildings.
Bangor University Vice-Chancellor, Professor John G Hughes, said: “This is a significant investment which will allow us to further enhance the first class experience we provide for our students. We have an exciting and ambitious strategy for our estate which is already underway.
“Upgrading teaching, research and accommodation facilities at Bangor University will ensure that future generations of students benefit from excellent academic facilities and a world class student experience.”
Welsh Government Minister for Education and Skills, Huw Lewis, said: "This significant investment is great news for Bangor University and for North Wales.
"It is a real vote of confidence in the university and will go a long way to ensuring students benefit from the very best academic facilities for many years to come.
“We want to see vibrant, state of the art Higher Education institutions here in Wales and this investment will certainly help us achieve this aim".
Jonathan Taylor, European Investment Bank Vice President said: “The ambitious investment programme will protect historic buildings, create new social learning spaces and provide the latest teaching facilities for key faculties at the university.
"Our significant engagement, representing nearly half the project’s investment cost, is the maximum level of EIB support and reflects the ambition and diverse benefits expected to be unlocked once the development programme is complete.
"The scheme will not only create and safeguard construction jobs during implementation, but generate new business and research opportunities across Wales that build on the University’s world class expertise in Ocean Sciences.”
Bangor University’s investment programme will be backed by the European Investment Bank, the University’s own resources and funding from WEFO, the Welsh Government and other sources.