 UCL launched a new £600 million fundraising campaign in September 2016 titled ""It's All Academic – The Campaign for UCL"".In April 2016, UCL signed a £280 million 30-year loan with the European Investment Bank, the largest loan ever borrowed by a UK university and largest ever loan by the EIB to a university.The monies are to be used to fund a £1.25 billion capital expenditure programme in Bloomsbury and Stratford.