30 April 2013
The First Minister of Wales, Carwyn Jones AM has officially marked the start of construction of Cardiff Business School's new £13.5M state-of-the art teaching facilities.
Cardiff Business School's new building will, once completed, offer modern facilities such as a 60-seat trading floor, an executive education suite, lecture theatres and flexible study spaces.
It will also provide bespoke facilities to host conferences and events for business people and policy makers.
The sod cutting was also attended by Roger Lewis of the WRU and Alan Edmunds of Media Wales, both of whom are members of the School's International Advisory Board.
The First Minister, Carwyn Jones AM said: "Today represents the first step towards another major development in the history of Cardiff University and Cardiff Business School.
"We want to see a strong Higher Education Sector here in Wales. One which attracts and retains the highest quality students, built around the needs and expectations of learners and offering the best HE experience and outcomes.
"The plans for this new Business School fully support that vision."
Professor Colin Riordan, University President and Vice-Chancellor, said: "This investment in the Business School's facilities reflects our confidence in its excellent ongoing performance. It will markedly improve our students' experience of studying in Cardiff, providing excellent facilities. Independent studies tell us that the Business School contributes £70million per annum to the Welsh economy.
"This new building will help us to sustain and improve that contribution."
Professor Martin Kitchener, Dean of Cardiff Business School, said "We are an ambitious Business School. This new building gives us an opportunity to support innovations in our teaching through cutting-edge lecturing facilities.
"It also gives us the opportunity to expand our growing portfolio of executive education with a suite specifically designed to meet the need of busy professionals."
The new building is expected to be completed towards the end of 2014.