UCD secures €350m from European Investment Bank for major capital investment in Belfield campus
Summary
The UCD campus development plan exceeds €1billion, and funding will to be sourced from the EIB as well as philanthropy, increased student numbers, loans and Government grants. “The UCD Centre for Creativity will be one of the most exciting pieces of modern architecture in Ireland and indeed in the world, making it a fitting frontispiece for the fabulous campus that is Belfield. “The campus development will build on UCD’s world-class scientific, engineering and social science strengths and provide even better student health and sporting facilities,” he added. Concept design for the news sports and student amenities Minister for Further and Higher Education, Research, Innovation and Science, Simon Harris, welcomed the investment. “This will build on UCD’s world class campus and will importantly deliver for its students and the community it serves.” The loan facility has been approved by the University Governing Authority, and each of the projects is brought before the GA before construction.