Another £1.75 million of Government funding has been committed to the V&A at Dundee over the next three years. It brings total Scottish Government support for the project to more than £18 million, including the £15 million capital investment already confirmed.
The £1 billion transformation of Dundee’s Waterfront spans 240 hectares stretching 8km along the River Tay. As Scotland’s second-largest regeneration scheme, Dundee Waterfront is now in the top twenty such projects throughout the UK. The waterfront’s flagship project is the V&A’s new £45m museum, which is due to open in 2015.
The new £1.75 million revenue funding was announced by Culture Secretary Fiona Hyslop on a visit to Dundee’s waterfront where the new museum will be built. Preparatory work at the site began earlier this week.
The Culture Secretary said: "The V&A at Dundee is an international cultural project which has the potential to bring great benefits to the city and the whole of Scotland. It will attract visitors from all over the world and presents an opportunity to strengthen Dundee’s reputation as a centre for the creative industries.
"Our significant financial contribution will enable the V&A at Dundee – with its iconic waterfront building – to work towards opening in 2015, placing the project at the centre of Dundee’s regeneration.
Philip Long, director of the V&A at Dundee, said: “We intend that V&A at Dundee will be an international centre of design for the widest public, housed in a world-class building at the heart of Dundee's developing waterfront.
“V&A at Dundee will show major exhibitions of international design, celebrate our own design heritage, inspire and help develop contemporary talent, and encourage design innovation for the future. We are delighted to have the Scottish Government's continuing wholehearted support for this vision."
Following the 2011 spending review, the Scottish Government confirmed it is making a total of £15 million capital available to the V&A at Dundee project towards the £45 million construction cost.
In addition, £1.75 million revenue funding has been allocated from 2012-15. The V&A in Dundee has already received £1.511 interim support from the Scottish Government since 2010 – making a total of £18.261.
The V&A at Dundee is being delivered by Design Dundee Ltd, a ground-breaking partnership between the Victoria and Albert Museum – one of the world’s leading museums of art and design – and Dundee City Council, the Universities of Dundee and Abertay Dundee, and Scottish Enterprise.
The building is being designed by a team led by architects Kengo Kuma & Associates.
