Mervyn King, Governor of the Bank of England, addresses guests in the Great Hall.

Governor of the Bank of England lays foundations of new Business School Building

As part of a 24 hour visit to the University Mervyn King, Governor of the Bank of England, laid the foundation stone of the new Business School extension.

A ceremony was attended by Professor Steve Smith, the Vice-Chancellor and Chief Executive of the University, David Allen, Registrar and Deputy Chief Executive, Professor Richard Lamming, Dean of the Business School together with local business people, staff and alumni of the Business School.

The new building will cost £18 million and is part of a wider £25 million investment over the next three years. The expansion means that by 2012, the School will have doubled in size, with over 3,000 students, 120 academic staff with a turnover of £34 million.

“It gives me great pleasure to be associated - in a very modest way - with the new Business School building at the University of Exeter. This marks a further progression in the development of the Business School, which can only be of benefit to the University, Exeter and the South West. I am also delighted to be back in Exeter, having last visited in 2007.”

Commenting on the visit Professor Lamming said ‘We are delighted to welcome the Governor to the Business School in a landmark ceremony that demonstrates the next phase of our expansion and development. This is another step towards our aim of being recognised as a leading international business school.’

The previous evening the Governor gave a key note speech to an invited audience of 600 local business people and academics at a gala dinner in the Great Hall.

Date: 18 January 2010

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