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Sat September 21 2024

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Green light unlocks £40m for Edinburgh Innovation Park

1 Jul 21 City Region Deal funding worth £40m has been unlocked through the approval of the business case for a food & drink innovation hub in East Lothian.

Work will begin immediately to select the design team and finalise designs for the hub. Construction is expected to begin early in 2023 and will be completed in 2025.

The full business case was passed by Edinburgh & South East Scotland City Region Deal Joint Committee after a presentation by joint venture partners for the development, Queen Margaret University (QMU) and East Lothian Council. The approval unlocks 拢40m of City Region Deal funding for Edinburgh Innovation Park.

The Food & Drink Innovation Hub is supported by 拢28.6m from the UK government, 拢1.4m from the Scottish government and 拢10m from East Lothian Council as part of the Edinburgh & South East Scotland City Region Deal. The deal is a 拢1.3bn regional investment programme jointly funded by the UK and Scottish governments and regional partners.聽

The hub will focus on food- and drink-related innovation within the context of health and wellbeing and will include serviced laboratories and office accommodation as well as facilities for events. It will house facilities of the Scottish Centre for Food Development & Innovation and will offer access to equipment, knowledge and skills to support product development and product launches. As well as bricks and mortar, there will be a programme of activities to foster innovation, boost female entrepreneurship and address market and societal need.

The innovation hub is located next to the QMU campus on the boundaries of both Edinburgh and Midlothian. The hub will be the anchor for Edinburgh Innovation Park, which will be developed over time to create a centre aimed at knowledge exchange, innovation and high-value business growth.

Councillor Norman Hampshire, depute council leader, said: 鈥淚鈥檓 absolutely delighted to reach such an important milestone for this exciting project which will promote inclusive growth locally and regionally and create a significant number of new jobs and skills pathways. East Lothian, Scotland鈥檚 food and drink county, is the perfect location for a Food and Drink Innovation Hub.

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鈥淭he importance of growing the economy has been heightened by the challenges of the pandemic and the need to focus on securing a strong recovery. In one of Scotland鈥檚 fastest growing areas, we must provide opportunities for good-quality, local employment as well as opportunities for young people.

鈥淭his is Phase 1 of our plans for the wider Edinburgh Innovation Park providing a unique opportunity to transform a strategic economic development site, owned by East Lothian Council.鈥

Queen Margaret University principal Sir Paul Grice said: 鈥淭his is great news for East Lothian, and for Scotland鈥檚 food and drink sector, especially as it relates to society鈥檚 health and wellbeing. The committee鈥檚 approval to release 拢40m City Deal funding will aid economic recovery from the impacts of the pandemic by bringing quality jobs and investment to the area, and by supporting an important sector through research, knowledge exchange and skills training. Together with our joint venture partners East Lothian Council, we can now move forward to realise our vision of a strategic, sustainable development that will promote inclusive growth.鈥

聽The Scottish government鈥檚 economy secretary Kate Forbes said: 鈥淚鈥檓 very pleased to see progress being made in the delivery of the food and drink innovation hub, funded through the Edinburgh and South East Scotland City Region Deal, that will bring high quality jobs to the area as well as increase skills and foster innovation in the food and drink sector.

鈥淐ity Region and Growth Deals will be a crucial part of our economic recovery from the pandemic as we work towards a fairer and more inclusive Scotland. We are investing 拢300m over 15 years to the Edinburgh and South East Scotland City Region Deal across transport, housing, culture, innovation and skills to help achieve this.鈥

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