The European Investment Bank (EIB) has granted a £109m fund to build a new District and General Hospital in Dumfries, Scotland.
The 26-year loan from EIB will cover half of the project cost. It is the second new hospital in Scotland to be supported by the long-term lending institution, after sanctioning a £83m fund for the new Royal Hospital for Sick Children in February.
European Investment Bank vice-president Jonathan Taylor said: "The European Investment Bank recognises that investment in new hospitals is essential to reflect Europe’s ageing population and ensure the highest-quality of medical care.
"Support for the new Dumfries and Galloway hospital and the Royal Hospital for Sick Children follows recent EIB backing of new transport, education energy, water and telecoms infrastructure across Scotland."
The new Dumfries hospital will provide services to 150,000 people in the south-west of Scotland. It will replace the outdated current hospital and commence operations in 2018.
NHS Dumfries and Galloway Health Board is the project promoter, which is being developed under the Scottish government’s non-profit distribution model.
The new six-storey Royal Hospital for Sick Children will include paediatric, specialist neonatal, adult and children’s emergency care in one place, as well as neurology on one site.
It is expected to be operational in 2017, which is next to the Royal Infirmary of Edinburgh.
In the UK, EIB is providing funding to the new Royal Liverpool and Alder Hey hospitals, Southmead Hospital in Bristol and the Royal Stoke University Hospital.
In addition, the institution is evaluating options to finance the new Papworth Hospital in Cambridge and the Midland Metropolitan Hospital in the West Midlands.
Image: EIB has granted a £109m fund to construct the new Dumfries hospital. Photo: courtesy of European Investment Bank 2015.