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Minister for Further and Higher Education, Research, Innovation and Science Simon Harris has today granted approval for the South East Technological University to conclude the purchase of the Waterford Crystal site in Waterford.
SETU will now sign final contracts to purchase 20.3 acres of the 37-acre Waterford Crystal site.
Speaking about the conclusion of the acquisition process, Minister Harris said:
"This is a major moment for the development of the South East Technological University.
"We know this is an iconic site, which has been derelict for almost 15 years. Today, it becomes part of the SETU footprint in Co Waterford.
"We know the history of the site but the future is now certain too. The Crystal site is no more. This is now another part of the SETU campus.”
The purchase of this site satisfies a number of wider local and regional objectives through the reusing/repurposing of a prominent brownfield site in the city.
This investment will allow SETU to cater for future student growth, address the current shortfall in space requirements and allow the Technological University to be a driver of economic and social development in Waterford.
Dr Alan Wall, CEO of the Higher Education Authority added:
"The purchase of the Waterford Crystal site in Waterford is a significant moment in the history of SETU and a major milestone in the proposed expansion of the Waterford Campus."
"The HEA and SETU have been working closely to ensure the conclusion of the acquisition of this iconic site. This strategic purchase will address a number of local and regional objectives and will facilitate future student growth for SETU.
"With the assistance of the HEA, SETU will proceed to develop a Business Case for the development of the proposed site under our Technological Sector Strategic Projects Fund (TSSPF)."
The President of SETU, Professor Veronica Campbell, has warmly welcomed today’s announcement. Professor Campbell said:
"SETU is delighted to secure ministerial approval to move swiftly ahead with the purchase of the former Waterford Crystal site and we look forward to signing contracts within the fortnight.
"I would like to thank Minister Harris for his ongoing support and enthusiasm for this project and I look forward to his further engagement on the reimagining of this iconic site.”