Terms have been agreed by South of Scotland Enterprise on behalf of the Borderlands Inclusive Growth Deal to purchase Caerlee Mill in Innerleithen to create a home for the new Mountain Bike Innovation Centre.
The overall project is being delivered by South of Scotland Enterprise (SOSE), with support from partners Edinburgh Napier University (ENU) and Scottish Borders Council (SBC).
The new centre will allow the development of innovative products and services as well as training and testing for cyclists. The project is also seen as preserving an important part of Scotland’s industrial heritage.
Professor Nick Antonopoulos, Vice Principal for Research and Innovation at Edinburgh Napier University, said: “This is a significant development in our journey towards establishing the world’s first Mountain Bike Innovation Centre.
“The new facilities will build on the fantastic research Edinburgh Napier has been carrying out through the Mountain Bike Centre of Scotland since 2012.
“There will be a step change in research opportunities across a range of academic disciplines, including exercise science, public health, engineering, inclusion, product design, artificial intelligence, big data and tourism, leading to the delivery of positive societal impact in terms of wellbeing and sustainability.”