Cambridge University Reporter


Equity Share Scheme and Loan Fund II: Notice

10 November 2008

An equity share scheme was introduced in 2002 to help new academic and academic-related staff who encountered difficulty in purchasing a property in the Cambridge area (see Reporter, 2001-02, p. 518). The University contribution is limited to 50% of the purchase price. The Council has now agreed, on the recommendation of the Finance Committee and the Human Resources Committee, that the maximum sum available in any particular case be increased from £150,000 to £250,000, with effect from 1 January 2009.

Loan Fund II (Statutes and Ordinances, p. 966) is also available to help University staff purchase, build or extend a property in the Cambridge area. The Council has agreed to a recommendation by the Finance Committee that the upper limit of the loan available from this fund should be increased from £10,000 to £100,000, and is submitting a Grace (Grace 3, p. 160) to the Regent House for the approval of this increase with effect from the same date.