Swansea Uni £90m expansion to bring 4,000 trade jobs

Some 4,000 jobs are set to be created during the construction of a new science and innovation campus for Swansea University.

The University announced yesterday it has secured £90 million funding from the European Investment Bank and the Welsh Government towards its campus development programme.

The expansion programme also includes the regeneration of Swansea University’s Singleton Park Campus which will see further 6,000 indirect jobs supported in the wider economy.

Developer St Modwen will work closely in collaboration with its construction partner, Vinci, for building work to start in early 2013. The new campus and new student residences will be completed by autumn 2015.

Vice President of the European Investment Bank, Simon Brooks, said: “This scheme will not only benefit future generations of students, but develop specialist skills, drive innovation and enhance economic growth in Wales.

“The European Investment Bank is committed to funding leading research and educational excellence across Europe and is pleased to support this landmark investment.”

Swansea University’s Vice Chancellor, Professor Richard Davies said the University was grateful to the European Investment Bank and the Welsh Government for the investment which will create new jobs and boost the economy.

Professor Davies said: “The new Science and Innovation Campus is a transformational project for Wales and for the University.

“It promises to become a global exemplar for how a research intensive university can work effectively with industry, helping to drive economic regeneration and creating exciting employment opportunities for its graduates.”

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