MILLIONS of pounds has been given to the University of Portsmouth for a new scheme.
It will play a key role in a new £3m scheme to boost the economy in the Solent region.
The funding was announced over the weekend by the Secretary of State for Business Innovation Vince Cable.
The money will be used to support business growth for green high-technology companies, such as those working in renewable energy waste and recycling.
The money was awarded to the Future Solent Board, which supports low-carbon businesses in the Solent region, of which the university is a key partner.
The university’s environment facilitator and member of the Future Solent Board Dr David Hutchinson said it was a fantastic coup and an exciting venture.
He said: ‘The scheme will help small businesses in the region unlock the untapped potential of their local universities, from business experts and specialist marine scientists to the architects helping to develop low carbon buildings.
‘Research and development can lead to new innovative technologies and we’re delighted to be involved in a partnership that will help the south coast become a leader in low-carbon technologies.’