Funding in place for HPC Wales project


The funding is now in place for the massive HPC Wales supercomputer project.
HPC Wales is set to deliver significant long term benefits to business, industry and the Welsh economy.
Funding for the project comes from the following :
* £19m from ERDF and ESF European funds channelled through WEFO.
* £10m from the UK Department for Business, Innovation and Skills (BIS).
* £4m from collaborating institutions.
* £5m from the Welsh Assembly Government/ HEFCW £2m private sector and research income
The £40m investment will cover infrastructure development, equipment, software research, management and operational costs over the first five year to 2015 when HPC Wales will become self supporting and sustainable.
HPC Wales will –
* Stimulate innovation and R&D
* Boost business.
* Develop specialist skills and
* Attract inward investment.
Press release issued by Robert Lloyd on behalf of HPC Wales.

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