LIMERICK Institute of Technology has confirmed that it is to expand into a new 40-acre site at Coonagh Cross, creating 100 new jobs.
And during construction, which is expected to start early next year, an additional 134 jobs will be created.
Students in Precision Engineering will be the first to move onto the new campus, next September or October. Tesco are the main tenants on site at the moment, and LIT will take over and fit out the remaining vast building on the site.
A new entrance for students and LIT staff will be created at the rear of the building. The Higher Education Authority has approved the purchase of the new site at Coonagh with the support of €3.5 million in capital funding. This is all part of the Campus 2030 Masterplan which will also see LIT move students into a new campus facility over head AIB bank at 106 O’Connell Street.
”This is a game changing moment for LIT and for the Higher Education in the Mid-West.
This is critical capital investment made by the state which ensures that LIT will be a key catalyst helping Limerick and the wider Mid-West region to continue attracting further high value technology jobs,” said Dr Maria Hinfelaar, president of LIT.
The new campus will include the National Precision Engineering Hub which will provide services to the manufacturing sector such as employee training, testing facilities and applied research in close collaboration with the Precision Turn Manufacturing Association.
Education Minister Jan O’Sullivan welcomed the positive news.
“The innovation of our educational institutes has been critical in attracting jobs and investment to Limerick in recent years and this investment will ensure that this model of success goes from strength-to-strength.”