An official reception will be held in Brussels tomorrow evening (Wednesday, 26 June 2013) to formally launch Swansea University’s new £450m second campus in the European Parliament.
Hosted by Welsh Labour MEP, DEREK VAUGHAN, who has been actively involved in the project in both his previous role as Leader of Neath Port Talbot County Borough Council and as an MEP, the event will showcase plans for the Science & Innovation Campus which is expected to create 5,000 jobs and attract £3billion into the Welsh economy over the next 10 years.
Construction has already begun on site at Fabian Way made possible by a £20 million contribution from the European Regional Development Fund and a £60 million loan from the European Investment Bank. Rolls Royce, Hewlett Packard, Tata, Bell Labs and BAE are amongst the commercial partners to be based in the new Campus. There will also be extensive new teaching and research facilities covering the university’s engineering, maths, computer science and business and economics departments.
Speaking from the European Parliament, DEREK VAUGHAN MEP said:
"The impressive second campus is a real success story of how Wales is making the most of EU funding to develop its research, engineering and manufacturing base. When finished, the project will be one of the five largest of its kind in the whole of Europe.
The nature and extent of the partnership between the University, Neath Port Talbot County Borough Council, Welsh Government and the private sector is being looked upon by the EU and the European Investment Bank as one of the best example they have ever seen and this event will give MEPs from other countries a chance to find out how it has all come about."
Phase 1 of the campus will be completed in 2015 and consists of four new engineering buildings, a new Business School and Students Union, a Great Hall with modern learning and teaching facilities, a Library Resources Centre and student accommodation.
Mr Vaughan added:
"World class research and development will help Wales lead the way in the knowledge economy and this project will be a major boost for jobs and growth in South Wales driving innovation in new products, services and processes that will enable us to compete against in markets around the world."