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The Prestwick Aerospace and Space project is being funded with £32 million from the UK Government, £30 million from the Scottish Government, and £18 million from South Ayrshire Council as part of the £251 million Ayrshire Growth Deal.
Prestwick Aerospace secured £80 million of investment from the wider £250 million Ayrshire Growth Deal funding.
Part of the Ayrshire Growth Deal investment for Prestwick Aerospace will be used to establish an Aerospace and Space Technology Application Centre to develop STEM skills.
The £80 million funding for the Prestwick Aerospace hub will be invested in infrastructure and is expected to create up to 4,000 new high-quality jobs.
The £80 million investment in the Prestwick Aerospace hub will be invested in infrastructure and is expected to create up to 4,000 new high-quality jobs.