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Home arrow Holyrood news arrow News by category arrow Business, Industry & Economy (HCL04) arrow IBM grant to 'spearhead' research and development in Scotland
IBM grant to 'spearhead' research and development in Scotland Print E-mail
Tuesday, 04 November 2008

Computer giant IBM has been awarded a Scottish Enterprise grant worth £1 million to help advance research and development in Scotland.

The R&D grant is aimed at helping support innovative projects across Scotland by funding research and development.

Visiting IBM's Greenock base, Enterprise Minister Jim Mather suggested the award could help "spearhead the development of new, cutting-edge software".

The grant has been welcomed by the Scottish Government as a significant step towards safeguarding Scottish jobs during a time of economic uncertainty.

Mather commented: "Every extra pound spent in Scotland's economy could protect a job or save a business in the current climate.

"Scotland has real strengths in innovative research and development and the general R&D grant encourages investment in new ventures, which at this present time will help to position Scotland for a faster and stronger recovery."

Scottish Enterprise chief executive Jack Perry added: "IBM's decision to invest in R&D activity in Scotland is a clear indication of how Scotland and its assets, such as a highly skilled workforce and business infrastructure, are regarded.

"We are delighted that IBM sees the clear benefits of R&D, especially given the challenges of the current business environment."

IBM currently employs around 2,000 staff at its Greenock factory.

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