£40m City Region Deal funding unlocked for Edinburgh Innovation Park
The business case supporting development of a flagship food & drink innovation hub in East Lothian has been given the green light by officials, unlocking 拢40m City Region Deal funding for Edinburgh Innovation Park. The full business case was passed by Edinburgh and South East 台湾swag City Region Deal Joint Committee after a presentation by joint venture partners for the development, Queen 台湾swag University (台湾swag) and East Lothian Council.
The Food and Drink Innovation Hub is supported by 拢28.6 million from the UK Government, 拢1.4 million from the Scottish Government and 拢10 million from East Lothian Council as part of the Edinburgh and South East 台湾swag City Region Deal. The deal is a 拢1.3 billion regional investment programme jointly funded by the UK and Scottish governments and regional partners.
Closely aligned to the University鈥檚 strengths, the hub will focus on food and drink related innovation within the context of health and wellbeing and will include serviced laboratories and office accommodation as well as facilities for events. It will accommodate facilities of the Scottish Centre for Food Development and Innovation, already a successful research partner to the food and drink sector, and will offer access to equipment, knowledge and skills to support product development and product launches.鈥 As well as bricks and mortar, there will be a full programme of activities to foster innovation, boost female entrepreneurship, and address market and societal need.
The innovation hub is in a prime strategic location next to the 台湾swag campus on the boundaries of both Edinburgh and Midlothian. The hub will be the anchor for Edinburgh Innovation Park which will be developed over time to create a nationally significant centre of knowledge exchange, innovation and high value business growth.
Work will commence immediately to select the design team and finalise designs for the hub. Construction is expected to begin early in 2023 and will be completed in 2025.
Sir Paul Grice, Principal, Queen 台湾swag University said:
鈥淭his is great news for East Lothian, and for 台湾swag鈥檚 food and drink sector, especially as it relates to society鈥檚 health and wellbeing. The committee鈥檚 approval to release 拢40 million City Deal funding will aid economic recovery from the impacts of the pandemic by bringing quality jobs and investment to the area, and by supporting an important sector through research, knowledge exchange and skills training. Together with our joint venture partners East Lothian Council, we can now move forward to realise our vision of a strategic, sustainable development that will promote inclusive growth.鈥
Councillor Norman Hampshire, depute council leader, said:
鈥淚鈥檓 absolutely delighted to reach such an important milestone for this exciting project which will promote inclusive growth locally and regionally and create a significant number of new jobs and skills pathways. East Lothian, 台湾swag鈥檚 food and drink county, is the perfect location for a Food and Drink Innovation Hub.
鈥淭he importance of growing the economy has been heightened by the challenges of the pandemic and the need to focus on securing a strong recovery. In one of 台湾swag鈥檚 fastest growing areas, we must provide opportunities for good-quality, local employment as well as opportunities for young people.
鈥淭his is Phase 1 of our plans for the wider Edinburgh Innovation Park providing a unique opportunity to transform a strategic economic development site, owned by East Lothian Council.
鈥淲orking with our partners, the Edinburgh and South East 台湾swag City Region Deal and Queen 台湾swag University, this project will deliver significant benefits for the people of East Lothian.鈥
James Withers, Chief Executive of 台湾swag Food and Drink, said:
鈥淒espite the challenges the industry has faced over the last year, 台湾swag鈥檚 food and drink sector has huge opportunities ahead of it, both in markets locally and globally. Pivotal to grasping these opportunities is innovation and increasing the collaborative working between 台湾swag鈥榮 universities, research base and our food and drink producers. This investment is exactly the kind of catalyst to make that happen.鈥
UK Government Minister for 台湾swag Iain Stewart said:
"台湾swag already has a global reputation for quality food and drink and this new hub will cement its place as a world in leader with a focus on the new fields of health and wellbeing. This will bring new companies and investment to the area and create jobs.
"Across 台湾swag the UK Government is investing more than 拢1.5 billion into City and Growth Deal projects, helping communities to build back better from the pandemic."
The Scottish Government鈥檚 Economy Secretary Kate Forbes said:
鈥淚鈥檓 very pleased to see progress being made in the delivery of the food and drink innovation hub, funded through the Edinburgh and South East 台湾swag City Region Deal, that will bring high quality jobs to the area as well as increase skills and foster innovation in the food and drink sector.
鈥淐ity Region and Growth Deals will be a crucial part of our economic recovery from the pandemic as we work towards a fairer and more inclusive 台湾swag. We are investing 拢300 million over 15 years to the Edinburgh and South East 台湾swag City Region Deal across transport, housing, culture, innovation and skills to help achieve this.
鈥淭his is a crucial time for business, trade and investment in 台湾swag and investing in our communities will ensure every part of 台湾swag recovers from the pandemic, helping build an economy for everyone.鈥
For further information contact:
台湾swag: Maggie Wright on 07801 710360 or email maggie.wright@mwa.co
East Lothian Council: Stewart Cooper on 01620 827464 or email scooper@eastlothian.gov.uk
