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Michelin Scotland Innovation Parc Welcomes its First Tenant

12th November 2020

Michelin Scotland Innovation Park, a joint venture between Michelin, Dundee City Council and Scottish Enterprise, has welcomed its first tenant, MEP Technologies, with Ryden and Westport Property acting as marketing and letting agents.

MSIP is a world-class Innovation Parc in Dundee for sustainable mobility and low carbon energy, that will drive growth and diversity in the Scottish economy while addressing the global climate emergency.

MEP Technologies Ltd designs and manufactures high technology battery systems for portable industrial storage and automotive electric vehicle systems. It has relocated from its existing Dundee premises to accommodate the growth of its business. It initially brings 10 jobs to the Innovation Parc, with plans to create up to 10 new jobs at MSIP over the next two years.

In addition to the first tenant company, MSIP is in advanced stages of discussions with several other companies in low carbon industries and anticipates further tenants within the next 12 months. These companies could create an additional 200 jobs at the Innovation Parc.  

Two previously announced companies that had reached provisional agreements to locate at MSIP in July – Arcola Energy and Low Emissions Resources Global – have been delayed by COVID-19 impacts but anticipate a move to MSIP in Spring/Summer 2021.

Plans continue to further develop MSIP’s Skills Academy and Innovation Centre, with infrastructure work scheduled to start this month.

Neil McAllister

Neil is a commercial property Chartered Surveyor with over 30 years' experience. Specialisms include industrial agency, motor trade and the development sector.  He has a broad base of clients with the majority of his instructions being within the Central Belt of Scotland.

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