€50m injection into health research

A Cork-based food and health research facility is to receive €50m in funding from the Government and private industry, with more than 100 jobs to be created by the investment.

The funding was jointly announced yesterday by Agriculture and Food Minister Simon Coveney and minister for state for research and innovation, Sean Sherlock.

Direct State aid will amount to €36m, with €14m coming from 12 key industry partners in the food and health sectors.