Scottish Business News: MSIP Accelerator Drives £6.4M Growth in Scottish Economy Over 3 Years

MICHELIN Scotland Innovation Parc (MSIP) has made a significant impact on the national economy, contributing £6.4 million over the past three years through its successful Accelerator Programme. This joint venture between Michelin, Dundee City Council, and Scottish Enterprise aims to support innovators, manufacturers, and skills leaders in their efforts to reduce carbon emissions and promote a cleaner, more sustainable future.

The MSIP Accelerator, partially funded by Scottish Enterprise and delivered by Skillfluence, has provided intensive business support to 41 companies, resulting in a total investment of £1.9 million and a direct impact of £6.4 million on the Scottish economy. These businesses have gone on to create 81 jobs, deliver 21 innovation projects, and generate a combined turnover of £12.7 million.

With applications now open for Cohort 5, ambitious companies focused on sustainable innovation are encouraged to apply for the programme. Skillfluence, known for their impactful accelerator programmes, will continue to deliver the MSIP Accelerator, supporting Scotland’s Net-Zero carbon ambitions.

Sarah Petrie, Innovation Director at Michelin Scotland Innovation Parc, expressed pride in the programme’s success and its contribution to the national economy. Alison Gray, Founder and Director of Skillfluence Ltd, highlighted the importance of supporting innovative businesses in sustainability and decarbonisation.

Suzanne Sosna, Director of Economic Opportunities and Climate at Scottish Enterprise, emphasized the significance of green energy and sustainable innovation in shaping the future economy. The MSIP Accelerator continues to play a crucial role in nurturing and developing innovative solutions for a greener Scottish economy.