UCC forced to review all capital project spending after recording €11.2m deficit

In a statement on Monday, UCC confirmed that it has identified a financial deficit in its 2022 to 2023 accounts of €11.2m

University College Cork has been forced to review all of its capital spending projects after recording an €11.2m deficit for the last financial year.

The news has cast doubt on the delivery timelines attached to some of its large-scale projects, including its proposed €106m-plus city centre campus on a long-time vacant site in the heart of Cork city centre.