New fund announced to support growth in life sciences sector
The funding can help cover the costs of equipment, new technology or fixtures and fittings, or to construct, adapt or upgrade business premises or other infrastructure.
Make your life easier with a MyHIE account. It’ll save you time, help you find and organise content based on your needs and interests.
Entitled ‘Maximising the Marine Economy in the Highlands and Islands’ (MAXiMAR), the study focuses on supporting the growth of aquaculture, energy and marine biotechnology which are the most highly innovative sectors.
Highlands and Islands Enterprise (HIE) led the wide-ranging consortium to conduct the study which is known as a science and innovation audit’ (SIA) and is part of a UK Government sponsored series of audits.
Opportunities highlighted in the report include building on the existing research, testing and demonstration infrastructure to meet the needs of the industry, growing innovation in the sector and expanding the skills base, as well as attracting new businesses to the region.
A key element will be a pilot test site to explore the potential to cluster marine economy activity across the sectors.
Morven Cameron, HIE’s head of universities, education and skills, said: “MAXiMAR provides a fantastic, positive view of the potential growth of the region’s marine resource as an economic driver. Our lochs, rivers and coastal waters constitute a tremendously valuable asset that already makes a massive contribution to the regional economy and has the potential to achieve even more.
“Sectors as diverse as food and drink, tourism, life sciences and renewable energy are well established, supporting thousands of jobs, many of them in fragile areas of our islands and rural mainland.
“The audit gives us a definitive assessment of the extent to which businesses and communities are using our marine resource, and assesses the scope for further development to drive economic growth across the region.
“It also helps to put the Highlands and Islands on the UK map as a place where science and innovation are playing an increasingly important role and have potential to go further.”
The report highlights that although the sectors will grow at different rates, evidence points to a total value of the marine economy in Scotland of £5bn by 2035.
The marine project is one of 12 UK science and innovation audits which were first announced in 2015 commissioned by the UK Government’s Department of Business, Energy and Industrial Strategy (BEIS) in 2015.
Universities and Science Minister Chris Skidmore MP said: “We are world-leaders across a range of science and research disciplines, and the SIAs published today show the whole nation contributes to that reputation. We are committed to building on these strengths and others in our modern Industrial Strategy through the largest increase in science funding in a generation.”
In addition to HIE, the other organisations in the consortium are: the University of the Highlands and Islands, Scottish Aquaculture Innovation Centre, Industrial Biotechnology Innovation Centre, European Marine Energy Centre, the University of Stirling, Heriot Watt University, Wave Energy Scotland, Marine Scotland Science, MASTS and the National Oceanography Centre.
The outcomes of the Highlands and Islands research are available here.
The funding can help cover the costs of equipment, new technology or fixtures and fittings, or to construct, adapt or upgrade business premises or other infrastructure.
A major drive to combat global challenges in the animal health, agritech and aquaculture sectors using digital technology will be revealed at A3 Scotland this September.
Enterprise agencies welcome Sumitomo milestone as ground is broken on £350m factory project
Partnership supports childcare career development in Skye
The signing of a memorandum of understanding (MoU) between Scotland’s enterprise agencies and the world’s largest shipbuilding company could bring economic benefits for the Highlands and Islands.
Pathfinder Accelerator alumni unite and celebrate success in fueling innovation
Sumitomo Electric UK Power Cables Ltd plans to establish major operations in the region, supplying high voltage cables to the growing offshore wind energy sector.
Industry and public sector collaborate to inspire future workforce
Property demand study launched by HIE
HIE Board recruitment