The Oil & Gas Innovation Centre (OGIC) has announced it will generate over 500 jobs through various projects, according to an independent study.
Study conducted by Optimat found that the OGIC-funded projects can deliver up to £855m gross value added over the next ten year period.
OGIC CEO Ian Phillips said: “It’s extremely encouraging to know that the work we are doing to help innovation from the initial concept stage is not only benefitting the industry but also the wider economy.
“Our support typically gets a project from inception to early prototype stage, ready for support from others such as The OGTC and Scottish Enterprise to help the company through to commercialisation."
By the end of 2018, the OGIC will assist 45 new projects in a bid to support economic recovery in the UK and far afield.
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