The University of Southampton will build a new maritime research institute in collaboration with engineering and technical staff from Lloyd’s Register.
The collaboration, the largest of its kind in the UK, will draw together the engineering excellence of both organisations at a new technology and education campus.
Initial research activities at the technology centre are expected to focus on energy, transport and environment-related projects.
Work on the University of Southampton Centre of Excellence, which has an initial investment of £116M, will begin in the new year.
The Higher Education Funding Council for England and the South of England Economic Development Agency provided funds for the new project.
Among the new facilities to be built on the university’s old Boldrewood campus will be the Lloyd’s Register Group Technology Centre.
The first phase of the project is expected to be completed by 2014.