15th November 2011
Barclays Corporate has agreed term facilities totalling £7.5m to support the construction of a state-of-the-art specialist further education college in Manchester.
The proposed development is a joint venture between the Together Trust, The Manchester College and Manchester City Council, and is due to open in September 2012. The 28,000 sq ft building will provide specialist teaching and training for students with learning difficulties, disabilities and complex needs. It will be the first of its kind in the region.
The new campus, adjacent to The Manchester College, will replace Together Trust’s existing Bridge College in Offerton, and will offer speech and language therapy, physiotherapy as well as hydro and occupational therapies. The new location will help foster greater integration for students within the Greater Manchester area.
Together Trust is a Stockport-based charity providing a wide range of social care, special education, community support and consultancy services. It is also a registered domiciliary care agency for children and adults and is one of the largest voluntary providers of residential childcare services from short-term emergency care to long-term placements in England. The financing package was arranged by Andy Ingham, Relationship Director at Barclays Corporate in Manchester.
The Together Trust’s Chief Executive, David Marriott said: “The structure of the facilities provided by Barclays Corporate together with fundraising activity will now enable the College to proceed with this project as a one phase build which means the much needed facility can be completed much more quickly. The move represents an important step for Bridge College and the Together Trust, and moreover, is a radical and positive development for those with special education needs in the region.”
Barclays Corporate’s Andy Ingham commented: “This project forms part of a unique initiative between the Trust, Manchester College and the City Council. The land deal and background agreements have been very complex and the bank has been been proud to play its part in helping make the project a success going forward.”
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About Barclays Corporate
With a clear focus on quality relationships, Barclays Corporate provides integrated banking solutions to businesses with an annual turnover of more than £5 million in the UK and large local companies, financial institutions and multinationals in non-UK markets. We facilitate the success and growth of our clients by providing lending, risk management, cash and liquidity management, trade finance and asset and sales financing. Additionally, our clients benefit from the breadth of the Barclays Group, through access to the investment banking services of Barclays Capital including debt and equity capital markets, the private wealth management expertise of Barclays Wealth, and the card and payment services of Barclaycard. Barclays Corporate employs over 10,000 people globally. For more information please visit www.barclayscorporate.com.
About Barclays
Barclays is a major global financial services provider engaged in retail banking, credit cards, corporate and investment banking and wealth management with an extensive international presence in Europe, the Americas, Africa and Asia. With over 300 years of history and expertise in banking, Barclays operates in over 50 countries and employs over 145,000 people. Barclays moves, lends, invests and protects money for customers and clients worldwide. For further information about Barclays, please visit our website www.barclays.com.
About the Together Trust
The Together Trust is a charitable organisation which has been providing care, education and support for young people and adults in the region since it was established in 1870. Today, the charity helps more than 1300 children, young people, adults and families each year, who are experiencing emotional, behavioural or social difficulties, physical and learning disabilities and autistic spectrum conditions. For more information visit, www.togethertrust.org.uk.
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