{"value":{"id":165801,"memberId":1535,"member":null,"memberRole":"Chief Secretary to the Treasury","uin":"HCWS24","dateMade":"2014-11-25T00:00:00","answeringBodyId":14,"answeringBodyName":"HM Treasury","title":"UK Guarantee for the University of Northampton","text":"<p>UK Guarantees was announced in July 2012 with enabling legislation, the Infrastructure (Financial Assistance) Act 2012, receiving Royal Assent on 31 October 2012. The scheme provides a sovereign-backed guarantee to help infrastructure projects raise debt finance. Guarantees for up to £40 billion in aggregate can be offered under the initiative.</p><p> </p><p>The government is confirming that it has approved a guarantee for £291.5m to the University of Northampton for the construction of its new Waterside Campus.</p><p> </p><p> </p><p>The government will report to Parliament on the financial assistance given in line with the requirements set out in the Infrastructure (Financial Assistance) Act 2012.</p>","house":"Commons","noticeNumber":2,"hasAttachments":false,"hasLinkedStatements":true,"linkedStatements":[{"linkedStatementId":165808,"linkType":"JointStatement","linkDate":"2014-11-25T00:00:00"}],"attachments":[]},"links":[{"rel":"self","href":"/Statements/165801","method":"GET"}]}