£2.6m donation to university from former student

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The University of Sheffield has been given a £2.6m donation - the largest gift it has had from a former student in the last decade - towards its pioneering research into harnessing the power of the sun to solve some of the world’s greatest challenges.

The money has come from international investor Jeremy Grantham, now 75, who was born in Doncaster and graduated from Sheffield with a degree in economics in 1961. He went on to study at Harvard and is now chief investment strategist of Boston-based asset management firm GMO.

The university is creating the Grantham Centre for Sustainable Futures, which will focus on how humans can live in a more environmentally friendly way.

Mr Grantham said: “Project Sunshine addresses the central challenge of our time - dramatically reducing greenhouse gas emissions by making global energy and food systems sustainable.”

Vice-Chancellor Prof Sir Keith Burnett said: “This investment by the Grantham Foundation will enable us to take our work on sustainability to the next level.”