Progress has been made in the planning of the new Michelin Scotland Innovation Parc (MSIP) in Dundee with the commitment of £60M in funding from the project’s three partners Michelin, Scottish Enterprise, and Dundee City Council.
It is hoped that the MSIP will generate a wave of economic and employment opportunities in the Tayside both during the time that it will be constructed, over the course of the next ten years, and upon it’s completion, at which point it will serve as a collaborative space which blends business with academia.
Focussing upon issues such as sustainable mobility, clean transport, and low carbon energy, the innovation parc will utilise and further the skills of industry professionals to develop technology that can tackle these issues.
Within the new development there will be office space as well as business and innovation support services, all of which will replace the current Michelin plant that is scheduled for closure in June 2020.
The Scottish Finance Secretary, Derek Mackay stated: “This joint funding commitment from the Scottish Government and Michelin demonstrates our shared determination to transform the site to be a global destination for innovation and investment.
“MSIP will attract companies, research institutions and a highly skilled workforce. We want Scotland to lead the way in developing and manufacturing the technologies of the future and MSIP will be vital in helping us achieve this.”
The Chief Executive of Michelin Scotland Innovation Parc, John Reid added: “This funding marks a significant milestone and allows us to move ahead with the construction of the Innovation Hub, the Skills Academy and the other works to prepare the site for its new companies.
“It will allow us to develop a vibrant site with a long lasting benefit for Dundee and Scotland, as well as being a key part of Scotland’s response to the global climate emergency.
“Throughout the last year our priority has been to support our employees and their families and 414 people have already secured their next role. A year ago, I wouldn’t have believed we would have been able to make this much progress. We still have a long way to go but we should be encouraged by how things have progressed in the last year.”
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