Thursday 14 May 2009

Media City Costs

We had clarification of the above at the recent Union-Management Joint Forum at which it was stated by the Director of Finance that these were always known to be £27.5M, not the £10-12M that we had somehow thought. So, with the HEFCE grant of £8M, the University has to come up with nearly £20M in order to move into MediaCity in the next 2-3 years. Annual running costs are apparently expected to be £5M.