In its 110 year history, Falmouth has grown from a small art school of less than 200 students to a specialist multi-arts University with 4,000 students on two campuses (Falmouth and Penryn).
Over the past 15 years, Falmouth University has benefited from over £100 million including investment in a second campus (Penryn Campus) nearby. In 2008 Falmouth merged with Dartington College of Arts, which relocated to a £19 million purpose-built performance centre that opened in 2010. In 2012 two further facilities opened: the £8.9 million Academy for Innovation & Research (AIR) and the Exchange (a £10.4 million extension to the library, which also provides new types of learning spaces and facilities).
In addition to Structural Funding, recent capital investment from the Higher Education Funding Council alone amounts to £88 million. Income from the South West Regional Development Agency since 2000 amounts to £16.3 million.