"As Seen in GEN"—Flashback Volume 2, Number 1, Jan/Feb 1982
Scotland Funds Biotechnology Research Park
By Terry J. Lerner
The Scottish Development Agency (SDA) and two Scottish universities have announced the formation of a $14 million research park devoted to biotechnology. The park, dubbed the West of Scotland Science Park, will be located in Glasgow.
The 70-acre Park site, chosen in conjunction with Glasgow and Strathclyde Universities, lies within a wooded estate owned and occupied by the University of Glasgow. The Park will accommodate a total of 180,000 square feet of R&D facilities, with sites for manufacturing in other areas of the city. The SDA, Scotland’s largest industrial developer, plans to offer ready-made factories ranging from 1,000 to 10,000 square feet.
In addition, the combined facilities of the two universities will be made available to incoming companies. It is expected that the University of Strathclyde will be tapped for its resources in applied microbiology and the University of Glasgow for its expertise in medical research. “This project offers promising opportunities for bridging the gulf between university and industry,” commented Dr. George Mathewson, CEO of the SDA. “It will help to encourage commercial exploitation of the many excellent research projects conducted in Scottish universities.”
The SDA, a government-financed agency, will provide the main funding for the Park and offer special financial support to participating companies. The Park has been designated a Special Development Area, entitling companies setting up business to the most favorable British tax incentives. In a Special Development Area, the United Kingdom government will meet 22% of the costs for acquiring and equipping a new facility in the form of a tax-free grant.
The SDA has received many inquiries, but so far no U.S. or indigenous companies have signed up for the Park, an Agency spokesman told GEN.