University of Limerick to create 1,000 jobs in five years

A thousand jobs are expected to be created over the next five years under a new development plan at the University of Limerick.

The European Investment Bank is providing a €100m loan to the €224m plan which will see 12 new construction projects on the north and south campus.

The scheme includes a new clinical research building at University Hospital Limerick; a new city centre campus including student residences and an academic building; a new library and a dedicated training centre for the Munster Rugby Team.

The positions will include 290 full time jobs and 710 construction jobs.

The plan will run from 2014-2018 and UL says funding for the remainder of the project will be secured from a number of sources, including philanthropic donors, state grants and commercial activities.