A £10m EU boost for the development of the new Menai Science Park has been announced by First Minister Carwyn Jones today.
The project, led by Bangor University, has already been awarded £10m from the Welsh Government. The EU funding provides the remainder of the investment needed for the first phase to get underway, constructing a state-of-the-art hub which will focus predominantly on low carbon and renewable energy businesses.
The aim of the Menai Science Park is to encourage collaborations with research organisations on innovative projects and create employment opportunities for local people. It will also complement the Energy Island initiative and the Anglesey Enterprise Zone.