Cass Business School moved to new premises in the London Borough of Islington, and changed its name as part of a strategy formed by Lord Currie of Marylebone, who had become Dean the year before, to compete as an international business school in a market dominated by US universities. The school had previously been spread out across the City of London's mainly residential Barbican Centre development. Half of the £40 million funding for the new building came from the reserves of City, University of London. The school also received a gift from Sir John Cass's Foundation, founded in 1748 to educate children in
City of London School City of London School Bursary Trust" which provides bursaries to boys who have gained admission to the school but whose parents cannot afford the fees, "The City of London School Scholarships and Prize Fund" which allows the school and other parties to offer scholarships, prizes or sponsored awards to current or former pupils without incurring taxes, "The City of London School War Memorial Fund" which was originally established to support boys affected by the World Wars but now supports means-tested bursaries at the School, "The City of London School Charitable Trust" which is the annual charity appeal and "The City