Aberystwyth University is to receive £35m ($54.7m) to build a new innovation campus at the institution.
The funding comes out of a £2bn pot of EU funding earmarked for Wales. The new campus, which will be fully operational in 2018, will conduct collaborative research which is expect to support 108 jobs, and generate spin-outs and services in the biotech and renewable energy sectors.
April McMahon, Aberystwyth University’s vice-chancellor, said: “We are grateful for the substantial contribution of EU funds that, together with considerable support from BBSRC and the university, will see the realisation of our ambitious plans for the Innovation and Enterprise Campus at Gogerddan. I am confident that the development will ensure that the university continues to deliver research with impact, provide a platform for working alongside industry in developing solutions for global problems, and bring much-needed jobs and growth to West Wales.”
