A facility for the newly established Business School was constructed in 1991 thanks to the Monument Trust and the kind donations of Sir Paul and Lady Judge. The project, which was finished in August 1995 and formally opened by Her Majesty Queen Elizabeth II, was designed by architect John Outram. In order to create the Information Centre, Common Room, seminar rooms, teaching rooms, balconies, break-out boxes, meeting rooms, the main hall of the new school, and space for expansion, Outram rebuilt the central block of the Old Addenbrooke's Cambridge City Hospital and converted the listed ward blocks and arcades. Three additional sections were introduced by him: The Ark, containing rooms for faculty, research graduates, and professional staff The Castle, containing two key lecture theatres and MBA teaching spaces and room The Gallery, an 80 feet (24.5m) high space containing seminar rooms, multi-level circulation routes, the social stair, and part of the hall The Gallery's balconies and floating stairs, which are set up more like opera boxes, perfectly capture Outram's idea of a place where people may engage and work together. Sir Paul Judge was the driving force for the addition of spacious breakout spaces, since he desired the school's interior to foster a networking atmosphere. The balconies facilitate cooperation and inspire our community to share ideas and concepts by holding meetings, workgroups, and seminars outdoors.

There are around 226 students in the university.