The Scottish Government is pumping an additional £20 million of funding into the project to build an outpost of the Victoria & Albert Museum on Dundee’s waterfront.
The news comes a year after the Scottish Government pledged an additional £10 million to the project after its budget ballooned from the £47 million announced at the project’s outset in 2010 to £80.11 million.
Both Dundee City Council and V&A Dundee told the Scotsman that there had been no increase to the project cost since then.
Set to open in 2018
The building, designed by Japanese architect Kengo Kuma, is set to open in summer 2018.
The extra V&A cash is part of a wider £63 million Scottish Government investment in Dundee’s waterfront.
This includes cash to support the city’s games industry, as well as money for redevelopment at Dundee station.
“Creating jobs and generating investment”
Council lot Ken Guild, leader of Dundee City Council says: “Today’s announcement is the key to unlocking increased funding for one of the most exciting and innovative projects currently going on in Scotland.
“The V&A is already creating jobs and injecting money into Dundee’s economy during the construction phase and generating a halo effect by attracting significant private investment.
“In the past two weeks alone we have had more than £70m of such investment announced in the wider waterfront regeneration project and Dundee port.”