The Munster Technological University has been awarded over €4.5 million in funding.
The funding is part of a national allocation of over €25 million to higher education institutions under the Transformation Fund.
€90m will be awarded in total over a three-year period to assist the development and progression of technological universities.
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Deputy Government Chief Whip and Kerry Fine Gael TD Brendan Griffin is welcoming the allocation, saying the continued investment in the MTU is important to the success of the institution.