Its business case has now approved by the joint committee for the Edinburgh and South East City Region Deal.
The park at Tweedbank is expected to lead to the creation of up to 350 jobs across the Scottish Borders and act as a catalyst for long-term economic growth boost (link opens in new tab).
The Central Borders Innovation Park evolved out of a wider masterplan for Tweedbank to maximise the economic impact of the Borders Railway. It outlined several proposals to encourage people to live, learn, visit and work in the Borders, as well as attract inward investment through public and private sector funding.
Funding towards the project has already been committed by Scottish Borders Council, Scottish Enterprise, Borders Railway Blueprint Group and City Region Deal.
The City Region Deal is an agreement between the Scottish government, UK government and local governments to support transformative change and deliver inclusive economic growth across the region. The deal will invest 拢1.3bn across Edinburgh and the South East of Scotland and contribute to the creation of 21,000 jobs and improve the skills of an estimated 14,700 people.
Councillor Mark Rowley, Scottish Borders Council鈥檚 executive member for business and economic development, said: 鈥淭he Central Borders Innovation Park will create skilled employment opportunities through the creation of much-needed high quality office and industrial space. This will maximise the potential of the Borders Railway, which strengthens the case for its extension, and will encourage business start-ups, long-term growth and business moves to a location with excellent transport links.
鈥淭he funding from the City Region Deal is the final piece of the jigsaw for this project, and with work already underway on the ground, I look forward to the first long term jobs being created soon.鈥�
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