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Government backing for university relocation scheme

An artist's impression of the new University of Northampton campus.

The University of Northampton's relocation plans have moved a step forward after it was included on a list of projects in line to get a government funding guarantee.

The £330m scheme, for a new campus at Avon Nunn Mills, is one of 15 to secure the backing from the Treasury.

It means the government will act as a guarantor for a proportion of the capital value of the project and aims to give private investors more confidence to get involved.

Danny Alexander, Treasury Chief Secretary, said: "What we see today is the extent to which the government is reaching out to help the private sector build Britain's key infrastructure."