Trinity granted €100 million loan towards research facilities & student accommodation
October 15, 2018
Trinity College has been granted a €100 million loan which will transform teaching & research facilities, as well as student accommodation. The prestigious university has been backed by the European Investment Bank to make four capital developments across the campus, including the Learning Foundry, a state of the art 6,086 square metre facility based on the main Trinity campus.
It will have capacity for 1,800 additional places for students of Science, Technology, Engineering and Mathematics (STEM). As part of the investment, student accommodation at Trinity Hall in Dartry will expand with 300 new beds for students. The School of Law will also be expanded, while the Arts Block will be refurbished.
The 30 year loan from the world’s largest internationally owned public bank will be used by Trinity alongside other sources of financing, including philanthropic donations. Provost of Trinity College Dublin, Dr Patrick Prendergast, said:
“We are investing in educational and research facilities for the benefit of all our students and staff. The financing EIB has provided to Trinity has been crucial in strengthening our research and education facilities. Their support combined with important philanthropic fundraising are essential in building a better university for the benefit of all.”