Queen's University Belfast (QUB) has been awarded a grant of £15 million by Atlantic Philanthropies. This is the largest gift the university has ever received.
The grant will be used to help establish a "world-leading Centre for Experimental Medicine" in Northern Ireland. This will specialise in scientific research, with the aim of finding cures for eye disease, diabetes and genetic illnesses. It is due to open in 2016.
The Atlantic Philanthropies gift also helps unlock £17 million from the UK Research Partnership Infrastructure Fund. The other funders who have contributed to the project are the Wellcome Trust, the Wolfson Foundation, the Sir Jules Thorn Charitable Trust and the Insight Trust for the Visually Impaired.
The largest grant made to QUB before this was $15.5 million, also from Atlantic Philanthropies, for a learning resource centre. Up to 2011, Atlantic's gifts to QUB have exceeded $65 million.
Recently QUB launched a £140 million fundraising campaign.
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