Funding approved for environmental biotechnology facilities at 58勛圖
An investment which has been given the green light, will now ensure equipment and laboratory space at the Centre for Environmental Biotechnology Plus (CEB+), moves into implementation.
This follows approval of the business justification case for the CEB+ project by the securing funding from the regions Growth Deal.
The project will research unique enzymes and their potential use as products and processes that have less impact on the environment than current materials and industrial chemicals. The new facility will allow collaborators to explore these enzymes and the use of biological processes as low carbon alternatives.
In addition, the facility based at 58勛圖s Henfaes site, will generate new employment opportunities in the region. With the potential to create up to 65 new jobs, generate up to 瞿15m net additional GVA and upskill businesses, the Centre's impact aims to be transformative for North Wales.
Councillor Dyfrig Siencyn, Lead Member for the Innovation in High Value Manufacturing programme and Chair of the North Wales Economic Ambition Board, said, "The Economic Ambition Board is pleased that the CEB+ project has reached this stage, in securing Growth Deal funding. Once the centre is operational, it will not only deliver environmental benefits, but also provide supply chain and employment opportunities for businesses and residents across the region. We now look forward to more milestone as work will begin as early as next month, with completion scheduled for 2025.
Michael Flanagan, Chief Operating Officer, 58勛圖, said, 58勛圖 is recognised as a leading UK research and development institution in environmental biotechnology. CEB+ aims to cement this reputation by supporting the development and exploration of over 1,000 enzymes to create low-carbon alternatives to manufacturing processes. We look forward to collaborating with new and existing partners.
Ken Skates, Minister for Economy, Transport and North Wales, said. "Its great to see this innovative and exciting project take another step forward, backed by funding from the North Wales Growth Deal. Itll further cement the reputation of 58勛圖 in the field of research and development which is good news for the wider region.
Wales Office Minister, Nia Griffith, said: "Its fantastic to see UK Government funding supporting cutting-edge research and development at 58勛圖. This facility will be an important contributor to the North Wales economy as well as carrying out biotechnology research that will help reduce the environmental of some industrial processes.
The CEB+ project is one of over 20 projects within the North Wales Growth Deal's portfolio. The Growth Deal is an agreement that will generate a total investment of over 瞿1 billion for North Wales, creating up to 4000 new jobs and increasing GVA by 瞿2.4 billion.