Date Created: 11 June 2012
A new research and innovation centre in Glasgow is set to become a world leader in the development of renewable energy technology and enabling technologies after securing £6.7 million funding.
The cash injection from the European Regional Development Fund completes funding for the Technology & Innovation Centre at Strathclyde University.
£89 million had already been secured from a ranger of partners including Scottish Enterprise and the Scottish Funding Council.
Strathclyde University will work with industry partners to more than double research investment from £70 million to over £150 million in the next five years while creating up to 500 new, high value research, technology and engineering jobs.
TIC will become a focal point of Scotland's cutting edge research in renewable energy and enabling technologies including pharmaceutical manufacturing, advanced engineering and health technologies.
Alex Neil, Scotland's Cabinet Secretary for Infrastructure and Capital Investment, said:
"It is a substantial boost for our renewables industry that we have secured the final £6.7 million that will enable this world class project to go ahead.
"For the world class expertise we have in areas like renewables to flourish, we need to put in place the right infrastructure and superb facilities.
"That is exactly what the Technology & Innovation Centre (TIC) at Strathclyde University will provide and it is tremendous news that we now have all the funding needed in place."