A new hi-tech research facility at Swansea University has been given the green light.
It follows a £30m investment from the º£½ÇÊÓÆµ Government’s º£½ÇÊÓÆµ Research Partnership Investment Fund (º£½ÇÊÓÆµRPIF) to build a new Centre for Integrative Semiconductor Materials.
The funding has been confirmed by º£½ÇÊÓÆµ Government Minister for Universities, Science, Research and Innovation Chris Skidmore.
The new facility will enable academics from across Wales to conduct ground-breaking research into the technology which is found in the devices we all use every day, including smartphones and sat-navs.
Based at the university’s Bay Campus, the centre is expected to be completed in the first half of 2021.
The investment is part of the sixth round of º£½ÇÊÓÆµRPIF funding, totalling over £721m across 11 projects in the º£½ÇÊÓÆµ.
As part of the º£½ÇÊÓÆµ Government’s Industrial Strategy, the funding includes £221m from º£½ÇÊÓÆµRPIF and over £500m of investment from businesses, charities and philanthropic donors.
Secretary of State for Wales, Alun Cairns said : “Swansea University’s successful bid is a testament to its world class education and cements Wales’ position as a global leader in compound semi-conductor research.
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“The potential for compound semiconductors to help challenge the key challenges outlined in the º£½ÇÊÓÆµ Government’s Industrial Strategy has never been greater. I am therefore thrilled that Swansea has been selected to drive forward this research and play a vital role in making the º£½ÇÊÓÆµ the most innovative country in the world.”
In earlier rounds of º£½ÇÊÓÆµRPIF, £680m of capital investment from the º£½ÇÊÓÆµ Government has leveraged over £1.75bn in private co-investment from businesses, charities and donors into pioneering university research and development facilities.
º£½ÇÊÓÆµ Research and Innovation chief executive, Professor Sir Mark Walport, said: “Ensuring our researchers and innovators have the infrastructure they need is essential to creating knowledge and delivering life-changing advances.
"From tackling cancer and heart disease to improving transport and managing vital water resources, the º£½ÇÊÓÆµ Research Investment Fund will deliver 11 new world leading university facilities to support discovery and translation.”