THE University of Portsmouth has welcomed news of a grant worth £1.2m that is coming to the city’s historic dockyard.
As reported last week, the dockyard has won the money from the government’s Regional Growth Fund to go towards a centre for creative industries.
The project will revamp the Victory Gate Cell Block and turn it into a centre to provide training, mentoring and support for over 300 creative businesses a year.
The successful bid was led by Portsmouth Naval Base Property Trust and with match funding from businesses including Xytratex and Parity Trust those behind it hope to create 100 new jobs. The grant follows a successful News-backed bid by the Solent Local Enterprise Partnership.
Mark Baker, head of research and knowledge transfer services at the university, said: ‘These projects will not only help our city to create new private sector jobs, they will enable our staff and students to play an important role in that job creation.
He added: ‘With this funding the university will be able to use its expertise to help new and existing businesses create jobs for the future and help our city bounce back following the recent cuts in defence spending.’