City, University of London million of which £11.6 million was from research grants and contracts, with an expenditure of £221.4 million. Cass Business School is ranked 5th in the UK and top 40 in the world in the Financial Times' 2017 Global MBA Rankings. City, University of London, is a member of the Association of MBAs, EQUIS and Universities UK. City University traces its origin to the Northampton Institute, established in 1852 and named after the Marquess of Northampton who donated the land on which the institute was built, between Northampton Square and St John Street in Islington. The institute was established to provide
London Guildhall University the Sir John Cass College of Arts and Science to form the City of London Polytechnic, which remained under the control of the Inner London Education Authority (part of the Greater London Council) until the passing of the Education Reform Act 1988. The London College of Furniture was incorporated into the polytechnic in 1990. Under the Further and Higher Education Act 1992 the polytechnic was awarded university status, previously having awarded the degrees of the former Council for National Academic Awards. London Guildhall University was named to show its links with the City of London and the City's many guilds/livery