However, these statistics show that the situation in the Mid-West region is literally a matter of life and death. The new minister will not be short of challenges when appointed, but this is one issue that must be tackled immediately.
Recently in these pages, University College Cork’s (UCC) governing authority chairman Sean O’Driscoll stressed the need for Ireland’s universities to have stronger links with business.
“From experience, unlike US universities, Irish universities do not reach out enough to business,” Mr O’Driscoll said.
“In Ireland, businesses have to reach into universities and, when they do, they find it very difficult, time-consuming, and frustrating to navigate their way through overly complex organisations.”
Mr O’Driscoll was quite right on those counts, but he added a significant point that is often overlooked. Like other third-level institutions, UCC is a significant enterprise in its own right — with a budget of approximately €600m, 25,000 students, and 3,200 staff.
That point was underlined in a new report this week stating that UCC helps to generate €3.2m every day for the Irish economy, adding €1.18bn annually. It is now Cork’s third-largest employer, with almost one in every 13 jobs in Cork City and county supported by the university.
The fine print in the report is particularly interesting: UCC’s students account for €259.7m in spending annually, for instance, while alumni who remain and work in Ireland
create extra economic value for the economy of almost €100m in the first year after graduation.
The above is an endorsement of the good work being done by UCC in driving the economy of Cork generally, through both spending and employment, and is clearly one which is replicated in all parts of the country which house a third-level institution. Some of those institutions have been in the headlines for the wrong reasons recently, but that does not alter a fundamental truth — the Government must support third-level education as a key element in both our current prosperity and in ensuring that that prosperity continues.
Mr O’Driscoll’s comments on the university’s need to connect with business was well made. It should also be pointed out, however, that any business contributing €1.18bn to the Irish economy annually would be sure of bountiful government support.