FUW welcomes £20m boost to help develop Aberystwyth Innovation and Enterprise Campus

Welsh Government finance and business minister Jane Hutt’s announcement that Aberystwyth University’s  Innovation and Enterprise Campus (AIEC) will be the first multi-million pound project to receive substantial backing through the new £2 billion EU funding programme 2014-2020 was welcomed today by the Farmers’ Union of Wales.

“We were pleased to hear that £20m of EU investment will help develop the campus. This is a very worthwhile project and we are pleased to see money from the European Regional Development Fund (RDP) being spent in this way,” said FUW president Emyr Jones.

“Having a new state-of-the-art, internationally recognised facility right on our door step is going to attract further research funding so that companies and researchers can undertake collaborative research projects to boost the bio-economy.

“It is very encouraging to know that the research is predicted to generate innovative new products, services and spin-out companies in sustainable food, health, biotechnology and renewable energy sectors.

“The project at Gogerddan, with an estimated value of more than £35m, will benefit our economy here in Wales and especially locally to Aberystwyth greatly. We must congratulate the University on securing the funding and we hope to see it drive a thriving and prosperous economy forward, boost businesses, increase renewable energy and energy efficiency as well as support infrastructure, skills and help people into work,” added Mr Jones.

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