£12m plan to support business

Central to the move will be the launch of nine institutes, designed to act as one-stop shops for businesses, to access expertise, research, facilities and product testing. EU project grants worth £8m and £4m of Scottish Government funding will be used by the institutes to engage with business more effectively.

The approach, which has been welcomed by CBI Scotland, will help develop over 300 products and services, and create more than 300 full-time equivalent new jobs.

The nine institutes will offer direct technical support, grants, specialist skills, training, facilities and equipment in sectors identified as key growth areas by the Scottish Government. These include construction, creative industries, digital markets, energy, financial services, food and drink, forest industries, life sciences, manufacturing, textiles, tourism and enabling technologies.

The institutes will sit alongside the university’s existing Transport Research Institute, Employment Institute and Edinburgh Institute of Leadership and Management Practice. Together, the nine institutes will work with Scottish and international companies of all sizes - from small start-up companies and public bodies, such as the NHS, to multinationals such as Diageo, Johnson and Johnson, NCR, GlaxoSmithKline and Jardine Matheson.