€25 million for new UCC building
€25 million has this morning been promised by the Government for UCC’s new business school.
Earlier this year UCC bought the Trinity Quarter site, previously known as Brooks Haughton’s builders’ yard, for its new Cork University Business School (CUBS). It’s understood it will house 4,000 students and 200 staff when it’s up and running.
It’s one of five higher education institutions across the country to benefit from a €96 million investment as part of ongoing investment in the sector through Project Ireland 2040.
The funding has been approved in principle to help support up to 14,000 new places for students in higher education institutions. Fine Gael Senator and leader of Seanad Éireann Jerry Buttimer described it as significant funding for a key Cork educational project.
Senator Buttimer said: “The announcement of €25m by Government in the proposed new UCC Business school in Cork city centre is a significant and a strong commitment to Cork. This new business school, which is city facing on Copley street, further connects UCC to Cork city but also allows for the expansion of the university. This will allow for further growth of the University and enhance the student experience. This project is a wonderful opportunity to regenerate and revitalise a section of the city.”
The successful projects being backed through the Higher Education Strategic Infrastructure Fund (HESIF) are:
- €25m Maynooth University, Technology Society & Innovation Building
- €6.6m IT Sligo, Extension to Central Campus Project
- €25m UCC, Cork University Business School Project
- €15m NUI Galway, Learning Commons Project
- €25m UCD, Future Campus Project
The funding was announced by the Minister for Education and Skills Joe McHugh TD and the Minister of State for Higher Education Mary Mitchell O’Connor TD.