£6.7m pledge follows application by University of Strathclyde to the European Commission
The University of Strathclyde has secured £6.7 million of European funding for the construction of its Technology and Innovation Centre (TIC).
Funding has been pledged by the European Regional Development Fund (ERDF) for the £89 million, 25,000 sq. m centre, which was given the go ahead by Glasgow City planners in February.
The TIC, which is due to open in 2014, will bring together academics and partners from industry and business internationally.
The Scottish Funding Council is contributing £15 million to the project, Scottish Enterprise £11 million - as part of the ITREZ project - and the university is contributing £57 million through its European Investment Bank loan facility.
This latest funding pledge from the ERDF comes from a capital application to the European Commission at the beginning of the year under the low carbon/sustainability programme.
When complete, the facility will house up to 1200 researchers from the university and its partners in both the public and private sectors.
It will be pivotal to Scotland’s new International Technology and Renewable Energy Zone (ITREZ) and will be sited alongside Scottish Enterprise’s new 5000 sq m Industry Engagement Building.
Construction firm Lend Lease Ltd has been appointed as contractor for the TIC project.
Lend Lease was awarded the contract following a single stage competitive tender submission and is due to begin work on the site later this month.
Under the terms of the contract, 10 per cent of the workforce on the project will be recruited from apprenticeship programmes.
University of Strathclyde Principal Professor Jim McDonald said: “The Technology and Innovation Centre will be the fullest realisation to date of our work as a leading international technological university.
“With our partners in business and industry, we are seeking breakthroughs to deal with energy demands, climate change, global health challenges, a testing economic climate and the need for more energy efficient, more advanced technology.
“The funding we have received from ERDF is an endorsement of the quality of our collaborative research – including several of our higher education (HE) partners - as well as its capacity for making a significant, tangible impact around the world.
“The competitive advantage the centre will deliver, the inward investment it will attract and the valuable training the building project will offer apprentices will complement the economic benefits of Glasgow’s Commonwealth Games in 2014.
“The building will also occupy one of the key development sites in Glasgow and is a powerful symbol of the regeneration of the city.”
The Technology and Innovation Centre is the University of Strathclyde’s single biggest investment in research capacity and has attracted financial backing from Scottish Enterprise and the Scottish Funding Council. Its founding industry partners are SSE, ScottishPower and the Weir Group.