Collaboration Between the Welsh Assembly Government, Swansea University and IBM Creates a Regenerative Buzz in South West Wales
The Welsh Assembly Government secured £1.3 billion of EU Convergence Funding to promote economic regeneration and growth in West Wales and the Valleys between 2007 and 2013. They wanted to stimulate economic growth in South West Wales and the Valleys by encouraging the development of new employment sectors such as life science, which boost an emerging knowledge economy. The Welsh Assembly Government and Swansea University created a new Institute of Life Science (ILS) at the University's School of Medicine. A strategic relationship with IBM gives access to IBM's own world-class research team and provides the ILS's high-performance IT infrastructure.