Highlands and Islands Enterprise (HIE) is leading on the development of the campus. The 215-acre campus is a focus for the development of one of the region’s key sectors, life sciences.
The £4.5m development, which will be called Solasta House, is the second building targeted at attracting companies in the life science and technology sector, with Aurora House having being completed in 2015.
Inverness based architects Threesixty Architecture was recruited by HIE earlier this year to design Solasta House which will include a mix of offices and laboratories.
Enterprise Area status for Life Sciences at Inverness Campus brings a range of incentives, including rates relief, and Highlands and Islands Enterprise (HIE) offers a wide range of business support to help ambitious companies grow.
Five companies – Aqua Pharma, 4C Engineering, Interactive Health, Corporate Health and Aseptium – already have space in Aurora House, and it is expected to be full by early next year.
Ruaraidh MacNeil, Inverness Campus project director, said: “With the current level of interest from other businesses that see the benefits of what Inverness Campus has to offer, we anticipate continuing growth of the life science and technology sectors in the coming months and years. Attracting these companies to the campus demonstrates the appeal of the collaborative opportunity on offer for them.”
The deadline for the contract, which was published this week, is November 6.
At least 40% of funding will come from ERDF, remainder from HIE.