Posts tagged Swansea University
Building work is set to start today on the Swansea University’s second campus that will create 4,000 construction jobs with a further 6,000 indirect posts supported in the wider economy.
The First Minister made the announcement whilst on site to mark the start of construction of the new campus which took place on Europe Day.
First Minister, Carwyn Jones, said: “I welcome the opportunity to be here on this significant day not only to mark the start of construction but also, crucially, to acknowledge the benefits to Wales of our relationship with Europe, including EU funding.
“This EU investment will help drive forward the development of the new Science and innovation Campus, creating a cornerstone for world-leading research and employment opportunities in the construction industry as work gets underway.”
The EMC will include state-of-the-art facilities to enable Swansea University to carry out research and development, particularly through collaborative projects with industry. It will support a range of collaborations with businesses in sectors such as advanced engineering, the digital economy and low carbon technologies.
Finance Minister, Jane Hutt, said: “I am delighted we have been able to invest EU funds to pioneer innovation and deliver state-of-the-art education facilities, benefiting Swansea and beyond.
“We have a key commitment through our Programme for Government to enhance research and innovation to help increase Wales’ global competitiveness, and create jobs and growth. The European Structural Funds programmes in Wales are helping us to achieve this goal, having already generated a total project investment of around £400 million in R&D and innovation alone.”
EMC will accommodate the University’s Civil and Computational Engineering, Electronic Engineering, Materials and Mechanical Engineering as well as Printing and Coating activities.
The Vice-Chancellor of Swansea University, Professor Richard B. Davies, said: “We are delighted to have been awarded funding from the European Regional Development Fund through the Welsh Government for the Engineering Manufacturing Centre.
“The EMC will provide world-class research facilities and a resource for industry to access world-leading expertise to help improve manufacturing products and processes and develop new ones, thus contributing to the economic regeneration of the region.”
Bill Oliver, chief Executive of St. Modwen, said: “This is an incredibly exciting project and one that complements our extensive experience in regenerating complex sites.
“We are very pleased to have agreed terms and look forward to engaging with Swansea University, Neath Port Talbot Council and other stakeholders to progress the delivery of this substantial and strategic development.”
The first phase of this scheme, which received detailed planning permission in December 2012 from Neath Port Talbot County Borough Council, will comprise 700,000 sq ft of development including 430,000 sq ft of academic space as well as 900 student apartments.
This will deliver world-leading research, innovation and education facilities for Swansea. St. Modwen expects to start on site in April 2013.
The Leader of Neath Port Talbot Council, Councillor Ali Thomas, said: ‘‘This project will provide a considerable economic boost not just for Neath Port Talbot but for the wider region.
“It will support the growth of highly skilled jobs and knowledge-driven businesses and is an exciting and outstanding example of the major new developments which the Fabian Way Corridor is attracting. I look forward to watching it progress.’’
The University has already secured funding from the European Investment Bank and the Welsh Government while St Modwen has secured the investment sale of 50% of the student accommodation to a major institutional investor.
An outline planning permission is already in place for future development phases which will be in excess of £300 million in value.
The expansion programme also includes the regeneration of Swansea University’s Singleton Park Campus which will see further 6,000 indirect jobs supported in the wider economy.
Developer St Modwen will work closely in collaboration with its construction partner, Vinci, for building work to start in early 2013. The new campus and new student residences will be completed by autumn 2015.
Vice President of the European Investment Bank, Simon Brooks, said: “This scheme will not only benefit future generations of students, but develop specialist skills, drive innovation and enhance economic growth in Wales.
“The European Investment Bank is committed to funding leading research and educational excellence across Europe and is pleased to support this landmark investment.”
Swansea University’s Vice Chancellor, Professor Richard Davies said the University was grateful to the European Investment Bank and the Welsh Government for the investment which will create new jobs and boost the economy.
Professor Davies said: “The new Science and Innovation Campus is a transformational project for Wales and for the University.
“It promises to become a global exemplar for how a research intensive university can work effectively with industry, helping to drive economic regeneration and creating exciting employment opportunities for its graduates.”