Browne Jacobson has advised Nottingham City Council on a £18m loan facility to fund the construction of a flagship £58m skills hub for Nottingham College.
The project also has the financial support of D2N2, the Local Enterprise Partnership (LEP) for Nottinghamshire and Derbyshire.
Work on the new College City Hub will start in the summer of 2018 and is expected to be complete in time for the 2020/21 academic year.
The six-storey campus will house around 2,000 students studying business, computing, travel and tourism, science, hospitality, care and early years courses. It will also act as a hub for local businesses to help develop closer ties with the college. Other facilities will include a performing arts centre, student retail space, café and training restaurant and bar.
The project is part of £250m regeneration project south of the city centre spearheaded by Nottingham City Council.
Paul Ray, head of banking and finance at Browne Jacobson, was supported by James Busby and Harpinder Nahl on the project.
Ray said: “This is not only a game changing project for the city but will be a blueprint for the future development of further education across the region and beyond. We are delighted to have advised the city council in ensuring the necessary funding is in place to help deliver their vision to transform the landscape in this part of the city.”
Chris Henning, Strategic Director, Economy, Nottingham City Council, said: “The College City Hub is an integral part of our commitment to transform and regenerate the southern gateway to the city. As well as offering a first class learning environment we are making sure employers are at the heart of the skills system and this partnership approach will be key in ensuring that Nottingham utilises the vast young talent we have on our doorstep and develops the skills to help grow key sectors and industries.”