UCC plan will save taxpayers millions

University College Cork intends to be largely self-funding within five years, saving the Irish taxpayer millions of euro a year.

The university also plans to establish an innovative business school, as well as a student hub to enhance the ability of graduates to gain employment in their chosen field.

Under an ambitious strategic plan unveiled yesterday, the university revealed that it intends to build commercial income to half of total funding and to increase annual research income to €90m a year.