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In August 2006 agreement was reached between the University of Cambridge and the Kavli Foundation for the establishment of a Kavli Institute for Cosmology. The funds provided by the Kavli Foundation will support several 5-year senior research fellowships in perpetuity. In turn the University has committed to provide a building of around 1,000m2 to accommodate the Kavli Institute.
The Institute commenced operation in October 2008 with the appointment of the first Kavli Institute Fellows. The new building was completed in July 2009.