The chief executive of Irish Life & Permanent plc has called on the Irish business community to increase the level of financial support it provides to Universities in Ireland in order to support the future success of the economy and the broader society.
David Went, who is also chairman of the Trinity Foundation, also criticised the recent Finance Act which will cap the tax reliefs available for businesses and individuals who contribute to registered charities including those who support the University sector.
Went was speaking today at an international conference organized by Trinity College and the Goldman Sachs Foundation, on the collaboration between business and third-level sector, Mission Possible! Business and Higher Education Working Together to Widen Access.
Went said that the University sector in Ireland continued to be severely under funded: “Our colleges and Universities were saved from penury in the 1990s by philanthropists such as Atlantic Philanthropies and some very generous private individuals. But the need for finance is as acute today as it was then and I would appeal to the new generation of wealthy entrepreneurs in Ireland in particular to show their support for the University sector which is critical to the creation of a true knowledge economy.”