Minister for Finance, and the Governor of the European Investment Bank, Michael McGrath said that the investment highlights the EIB’s “vote of confidence in UCC”.
Minister for Further and Higher Education, Simon Harris, said that the EIB’s continued support for Irish universities is instrumental in driving educational excellence and providing students with world-class learning environments. The EIB is the long term lending institution of the European Union and finances investments that contribute towards EU policy goals.
“The EIB is delighted to support Cork University Business School’s pursuit of academic and business excellence and support new investment to provide students and staff with a world-class facility that fosters collaboration, creativity, and knowledge exchange. The new EUR 50 million financing for Cork University Business School demonstrates the EIB’s firm commitment to strengthen education and research institutions that contribute to Ireland’s economic and social development.