November 28, 2020
Business News

Waterford college gets €1.2 million funding boost to attract new students

Waterford Institute of Technology (WIT) has recieved a major funding boost.

The college will get more than €1.2m for 142 additional places across six undergraduate courses in key skills areas.

The funding is part of the Government’s Human Capital Initiative (HCI), which is focused on enhancing skills and developing and attracting talent.

There will be 71 additional places created each year (over two years) across six courses. Eight places will be created on the new Bachelor of Business (Hons) in Business Information Systems. Existing courses where additional student places will be created include: BSc (Hons) in Applied Computing (16), BSc in Multimedia Applications Development (12), Bachelor of Engineering (Honours) (10), BSc in Information Technology (15), BSc in Software Systems Development (10).

More than 2,100 first year students registered for 2019/2020 academic year at WIT.

WIT Vice President for Academic Affairs and Registrar Dr Derek O’Byrne welcomed the opportunity to further expand numbers on the institute’s 70 CAO courses.

C“We welcome these additional places in fields that have high demand for graduates and where graduates have high earning potential. The places will further enhance the regional skill base and make the south east attractive as a place for industry,” Dr O’Byrne said.

Third level institutions have been backed by Government to address key areas which have been identified as high priority enterprise skills needs such as science, engineering, ICT and professional construction.

Education Minister McHugh said: “This is the Human Capital Initiative and Government investment of more than €24 million at work – creating more and better opportunities for students on courses that help to answer challenges of the future.

“We know where the demands are for highly educated, qualified graduates. And this investment is responding directly to that need. There is a future focus to many of the courses, like robotics and intelligent devices, digital healthcare, building services and renewable energy.”

Higher education institutions will be allocated €2,500 in additional funding for each extra place that is provided on target courses.

Funding for the HCI is being provided from the surplus in the National Training Fund (NTF) in line with recommendations contained in the independent review of the NTF on the use of the surplus and the development of labour market skills.

 

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