Lord Ashcroft makes second £5million gift to create new business school in Cambridge
Press release issued: 17 July 2009
This follows a similar gift to Anglia Ruskin University, made in 1999, which was used to build the award-winning Michael A Ashcroft Building at the Rivermead campus, Chelmsford. Today's gift means that Lord Ashcroft has given well over £10 million to Anglia Ruskin University.
"We are indebted to Lord Ashcroft for his continued and generous support. This new gift will not only provide funding for the construction of a new building for our Ashcroft International Business School in Cambridge but will also support the launch of our new Institute for International Management Practice which will have a presence not only in the UK but also in at least two international locations.
"Lord Ashcroft is one of Anglia Ruskin University's most successful alumni. He studied at one of its predecessor institutions, Mid-Essex Technical College in Chelmsford, before embarking on his highly successful business career. He is passionate about education and as well as the previous support he has given us for the building of the new Ashcroft International Business School at our Chelmsford campus in 1999, he supports other education initiatives in primary, secondary and tertiary sectors - in both developed and developing countries - so that young people can have a similar chance to succeed in life. These include a $1.5 million scholarship programme for up to nine students a year from Belize to study for a three-year business degree at the school."
"The focus of the Institute for International Management Practice's underlying philosophy will be on real world management challenges and will be the next step in Anglia Ruskin University's continuing drive to establish its business school as a world leader in practice-based teaching and research. The new facilities and the appointment of a cadre of chairs in International Management Practice will provide a dramatically enhanced environment for teaching and research."
"My attachment and long-term commitment to education is well-known. In the depths of an economic downturn, I wanted to make an investment in the future economic skills of this country and beyond. The Ashcroft International Business School will encourage enterprise and excellence. Our objective is to create and to inspire a new generation of entrepreneurs - young men and women with the skills and energy to create jobs and wealth for the 21st Century."