A TOTAL of £90.2 million is being invested into Stirling and Clackmannanshire by the Scottish and UK governments that will benefit aquaculture developments in the region.
The money – £45.1 million for each area – is part of the City Region Deals, which are designed to drive economic growth.
The University of Stirling will receive £17 million for a new Institute of Aquaculture and Global Aquatic Food Security facility, as well as £5 million for an International Environment Centre.
The new development at the Institute of Aquaculture will form part of a new innovation hub which will operate four aquatic research facilities. Unique in the UK, the hub will provide the full range of marine environmental conditions, and create research and development opportunities to grow the export of Scottish aquaculture skills and products.
University principal Professor Gerry McCormac said: ‘Investment in world-class research through the City Deal will enable our researchers to further tackle some of the world’s most pressing problems.
‘By working in partnership, we can unleash our economic potential, delivering a unique source of jobs, growth, and skills development, both for Stirling, and the wider Scottish and UK economies.’
Speaking ahead of a visit to the university’s existing Institute of Aquaculture, Scottish Secretary David Mundell said: ‘The ambitious and innovative deal will drive economic growth across the region, creating jobs and boosting prosperity for generations to come.
‘It is now for Stirling and Clackmannanshire to get on with the hard work needed to turn these proposals into a reality.
‘Today’s announcement brings the UK government’s investment in UK City Region Deals in Scotland to more than £1 billion.
‘All of Scotland’s seven cities either have, or are in negotiation for, a deal. And talks are also under way on the Borderlands and Ayrshire growth deals.’
‘The UK government is working hard to boost economic growth right across the UK. We want to work with the Scottish government where we can to ensure the sustainability and prosperity of Scotland’s economy.’