The new Menai Science Park (M-SParc) in Anglesey, North Wales, has received a £10m boost from the EU.
The funding – together with £10m already awarded by the Welsh Government - completes the project’s investment package, paving the way for the first phase of construction to begin.
When it’s built, M-SParc will encourage research organisations to work together on innovative projects - creating employment opportunities for local people in the process.
The state-of-the-art hub will focus on low carbon and renewable energy businesses, boosting the already huge energy and environment sector in North Wales.
Construction is set to begin on the complex at Gaerwen, Anglesey, during summer 2016 with first businesses expected to move in during early 2018.
M-SParc’s long term vision is to create highly-skilled, long-term employment opportunities for local people. As well as developing a knowledge-sharing environment and economic hub to encourage hi-tech industry and scientific research partnerships in north-west Wales.
It means the science park holds masses of potential for STEM (science, technology, engineering and maths) learning opportunities and careers.
As businesses locate to the science park, it’s hoped that more and more partnerships will be formed with Bangor University - owners of M-Sparc - and other schools, colleges and universities in the region.
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