UCC is to get a new business school.
The European Investment Bank is providing €50m towards the project.
The new centre will have a total budget of €190m.
It is anticipated that construction of the new building will commence in May 2024.
Minister for Finance and Governor of the European Investment Bank, Michael McGrath TD, welcomed the new investment highlighting that “The EIB’s vote of confidence in UCC and first dedicated support for business school investment in Ireland will benefit Cork and provide the world class skills we need for Ireland’s future business leaders."
Minister for Further and Higher Education, Research, Innovation and Science Simon Harris TD, highlighted the significance of this investment for the education sector in Ireland, stating, "The EIB's continued support for Irish universities is instrumental in driving educational excellence and providing students with world-class learning environments. This investment in Cork University Business School will greatly benefit not only the students and staff but also the broader economy as it contributes to producing highly skilled graduates and fostering entrepreneurship."
