The Scottish Government has announced an additional £20 million in funding for the National Manufacturing Institute Scotland (NMIS).
This latest funding boost takes the total Holyrood investment in the project to £75 million and comes as a contract is signed between Morrisons Construction and the University of Strathclyde to build the NMIS facility.
Worth around £42 million, the contract will see Morrisons Construction begin work later this year, with the site expected to take around 18 months to complete.
Operated by the University of Strathclyde, the NMIS includes the existing Lightweight Manufacturing Centre, which opened last year.
The Institute will be an industry-led centre of manufacturing expertise aimed at showcasing Scotland as a global leader in advanced manufacturing.
In addition to the latest funding boost, Holyrood announced £15.8 million of investment as the successful bidders to the Advanced Manufacturing Challenge Fund (AMCF) are confirmed.
Through 12 projects, colleges, local authorities, third sector organisations and universities across the country will provide free services to help SMEs develop and improve their manufacturing capabilities.
Commenting on the announcement, Economy Secretary Fiona Hyslop said: “The Scottish Government is working with our partners to create a successful, vibrant and diverse manufacturing sector.
“The National Manufacturing Institute and the Advanced Manufacturing Challenge Fund both form a key part of that, helping companies across Scotland to develop skills, perfect the latest techniques and push forward with cutting-edge research.”
Earlier this week, the NMIS group appointed Michelin’s John Reid as its new CEO.
Reid previously served as General Manager of the Michelin tyre plant in Dundee and played a crucial role in setting up the Michelin-Scotland Innovation Parc.
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Professor Sir Jim McDonald, Principal and Vice-Chancellor of the University of Strathclyde, added: “The award of the contract to Morrison Construction and the appointment of John Reid are both significant milestones as we continue to develop the National Manufacturing Institute Scotland group of world-class, industry-led manufacturing research and development facilities.”