Chancellor Lord Paul gifts £1m to the University
The University of Wolverhampton is delighted to announce that it has received a £1m (Rupees 10 crores) donation from its Chancellor, the Rt. Hon. Lord Paul of Marylebone PC.
The philanthropic gift, which is the largest in the University’s history, has been made by The Ambika Paul Foundation, a charitable trust set up by Lord Paul in memory of his daughter.
Lord Paul has been Chancellor of the University of Wolverhampton since 1999. He is also Founder and Chairman of Caparo, a diversified multinational business focused on delivering engineered and steel solutions to a range of customers from sites throughout Europe, Asia and North America.
The donation will be used by the University to enhance the student experience, with specific plans on actual initiatives funded being finalised at present.
Lord Paul said: “Remembering our daughter has always been at the heart of the work funded by the Ambika Paul Foundation. This gift is dedicated to her memory; but it is also a way of giving something back to the community, and specifically young people.
“A similar donation was made to the London Zoo in 1994, a place Ambika loved to go to.
“The Ambika Paul Foundation has one very specific mission: to enhance the lives of the next generation through education, culture and health.
“I have been associated with the University of Wolverhampton for many years. What it stands for and its quest to provide opportunities for young people resonates with me and where I have come from, to where I am today. Therefore I am very pleased to be able to support the University with this donation as it works tirelessly to create the next generation of leaders and entrepreneurs for this country and beyond.”
Vice-Chancellor of the University of Wolverhampton, Professor Geoff Layer, said: “The University is hugely grateful to Lord Paul and The Ambika Paul Foundation for what is the single biggest gift we have ever received.
“Lord Paul has been a great ambassador for the University in the UK and around the world for a number of years.
“He is a hugely successful businessman who built his company from next to nothing. He is someone our students can look towards in terms of his entrepreneurial spirit and as someone who seized his opportunity.
“We look forward to utilising this gift to make a real difference to our students and help them get the most out of their time with us.”
More details of Lord Paul can be found on his University profile.
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