UCC slashes deficit despite 'very difficult' year with finances hit by Covid

The university had achieved the smaller deficit through budget management and by boosting income, particularly from overseas students

UCC said it had secured €21m out of €168m funding available under Government supports to deal with the pandemic, and got €1.36m in Government-funded wage subsidies.

University College Cork slashed its deficit last year, despite the challenging impact of the Covid-19 pandemic on the college’s finances.

The latest annual accounts for UCC show the university reported a net deficit of €2.3m for the 12 months to the end of September in 2020, compared to a deficit of €5.6m a year earlier.