The planning application for the new Mountain Bike Innovation Center has been submitted by South of Scotland Enterprise.
The £13million center at Innerleithen in the Scottish Borders is set to be a key development for southern Scotland and will be funded by the UK government as part of the Borderlands Inclusive Growth Deal.
The Innovation Center will enable Scottish, UK and international companies to develop innovative products and services, or train and test athletes in the mountain biking and cycling sector. It will also host academics and researchers from Edinburgh Napier University in the cycling sector. It will also provide a venue for local and international companies to showcase their products.
UK Government Minister for Scotland Iain Stewart said: “The creation of the Mountain Bike Innovation Center is really gaining momentum, which will accelerate investment in sport-related businesses and give a big boost to communities in the region.
“Best of all, the project also preserves and regenerates the important historic site of Innerleithen’s Caerlee Mill. The UK government is investing £19 million in the growth of mountain biking as part of our £265 million support for the Borderlands Inclusive Growth Deal.
The planning application proposes to locate the center in the old Caerlee Mill. It will also provide a range of opportunities for the local community and businesses in the area.
It will be accompanied by UK government support of up to £6 million for a private sector partner to invest in and deliver the Tweed Valley Bike Park and Trail Lab near Innerleithen, both expected to bring in a host of advantages. The proposed Innovation Center is expected to contribute £141m to Gross Value Added (GVA) and create over 400 jobs in the south of Scotland over ten years.
South of Scotland Enterprise is delivering the entire project, with support from partners Edinburgh Napier University (ENU) and the Scottish Borders Council (SBC). The project’s final business case for full funding will be presented to the Borderlands Inclusive Growth Deal partnership board for approval later this year.
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SOSE Chairman, Professor Russel Griggs, added: “This is another significant milestone for the Mountain Innovation Bike Centre, following the purchase of Caerlee Mill earlier this year. We look forward to seeing how the scheduling app progresses in the coming months. »
The project is part of the Borderlands Inclusive Growth Deal which is bringing up to £452m in new investment to the Borderlands region, including £265m from the UK Government and £85m from the Scottish Government. The project falls under the Business, Innovation and Skills Support Deal theme, which aims to drive business growth to create a more diverse regional economy and recognizes that innovation and skills are key to success. .