BoS to fund final phase of Preston North End stadium

The Bank of Scotland has agreed to fund a new stand for Preston North End FC with a £9m loan.

The 20-year loan will allow the football club to build its new 3,700-seat Invincibles Stand, bringing the capacity of Deepdale up to around 24,000.

Construction work on the Lowthorpe Road stand, which will replace the demolished Pavilion Stand, started in November and is due to be completed by August 2008.

Chorley-based contractor MJ Fellows will develop the stand, while a lease has also been agreed with the Central Lancashire Primary Care Trust for commercial space within the stand.

In a statement released to the London Stock Exchange, PNE said: "The construction contract will see a new 3,700 seat stand with executive boxes and hospitality lounges on the site of the now demolished old Pavilion Stand."

The new stand will complete a 12-year redevelopment of the historic stadium which started in August 1996 with the official opening of the Sir Tom Finney Stand, followed by the Bill Shankly Kop in June 1998, and the Alan Kelly Town End six years ago.

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