Students to Face Even Higher Interest Rate Charges After RPI Increase
20th Apr 2018
The University of St Andrews is looking to develop new affordable accommodation for both staff and students.
The university is looking to move forward with its plans to build a number of new affordable houses on the five-acre site known as The Grange, located on the eastern edge of St Andrews.
The university has submitted a pre-application notice to Fife Council to build a 64-house development on farm land currently owned by the institution.
Under the plans the development will consist of two and three-bedroom houses which would be available to postgraduate students, junior staff and other staff on short term contracts at mid-market rentals.
Studies by Fife Council, the university and the St Andrews Town Commission on Housing have recommended that efforts should be made to provide more student accommodation, and more affordable housing for early career staff and postgraduate students with families.
Earlier in the year the university confirmed it would invest £70 million in new student residences and refurbishment to provide an extra 900 student beds across St Andrews. Included in the plan is a significant new residence at Albany Park, an expansion of three halls and refurbishment work in other buildings.
To be funded by equity release schemes with private sector partners, the university won't need to divert resources from its teaching and research programmes.
On conjunction with this latest investment in student housing, it's hoped that the development outlined for The Grange will remove some of the heat out of the housing market in central St Andrews.
20th Apr 2018
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