The University of Sunderland has announced that it will open a new campus in London, as part of its £250 million investment plans. 

The new campus will be located in Canary Wharf, the heart of the capital's financial district, and will accompany the expansion of the university's current London campus. 

The first phase of the investment will also see the redevelopment of the university's St Peter's campus, which resides along the riverside in Sunderland. This will allow for future growth in student numbers in the city and will see the expansion of its STEM programs. 

The second phase of the investment will see changes to the university's City campus (located in Sunderland), including a new sports ground, and the development of the Sunderland Health Innovation Zone.

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These projects are designed to "enhance the long-term educational and financial sustainability of the Univeristy."

A spokesperson said: "As well as the headline projects, the decade-long project will see existing buildings refurbished, continued investment in digitisation, and improvements to existing student accommodation."

The University, one of the key sponsors of the BUSINESSiQ Awards at Ramside Hall in April, says that its current London campus has seen a "decade of growth", putting it in an ideal position for further expansion in the city. 

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Sir David Bell, Vice-Chancellor and Chief Executive of the University, said: “This investment reflects the standing and confidence of the University as it seeks to fulfil its life-changing purpose. It reflects too the transformational change that is taking place in the city of Sunderland, making it a great place to study, live and work.

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"Alongside that, a new campus building in London will support the outstanding work we do in the capital, building on more than a decade of growth there.

“Students and staff will benefit from state-of-the art facilities in both Sunderland and London, enhancing our strong reputation for high-quality learning and teaching, and our society-shaping research and knowledge exchange activity.”

As it stands, the University of Sunderland has 27,500 students based at campuses on the North East coast, in London and Hong Kong, and at its global partnerships with learning institutions in 15 countries.