Type
Business expansion
Country
United Kingdom
Region
South West; Cornwall and Isles of Scilly;
Location of affected unit(s)
Sector
Education
Education
Vet, Higher And Tertiary Education
85.4 - Higher education

2,000 jobs
Number of planned job creations
Job creation
Announcement Date
24 March 2005
Employment effect (start)
Foreseen end date
31 December 2011

Description

The government is promising millions of pounds of extra funding for Combined Universities in Cornwall (CUC). The estimated £21 million will be used to create new higher education facilities at campuses across Cornwall. The cash will match European grant aid, resulting in a total of £55 milion for the expansion of the Falmouth-based CUC.

The government hopes that expansion of the CUC will lead to more than 2,000 extra jobs in Cornwall by 2025. The extra money will lead to the creation of about 2,400 student places by 2010, with a total of more than 7,300.


Sources

  • 24 March 2005: BBC News

Citation

Eurofound (2005), Combined Universities in Cornwall, Business expansion in United Kingdom, factsheet number 61306, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61306.