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 owned by the City of London Corporation, the other two being the City of London School for Girls and the City of London Freemen's School. The City of London School for Girls located in the Barbican is a fifteen-minute walk away from the school and there are joint events, such as social evenings, concerts and plays, with the school throughout the year. Although the City of London School has always charged fees to most of its pupils, it describes the fees as moderate compared with other independent schools, and it has always offered scholarships, both on the basis of academic