The University of Glasgow has unveiled its plan to build a new hi-tech campus on the banks of the Clyde.
The site for its new campus is currently a disused car park, which it hopes to transform into a world-renowned centre for nanotechnology and precision medicine.
The university initially put up £28m to fund the transformation, with a further £27.5m to come from the Glasgow City region deal.
The university is also bidding for a further £63m in funding, with work pencilled to begin within two years.
University of Glasgow principal Prof Sir Anton Muscatelli said the campus could bring hundreds of high-end jobs to the area.
Glasgow City Council leader Susan Aitken said the project “isn’t just about those high-tech academic jobs, it’s about all the other things that come with it.”
“We are building homes, there will be new commercial and retail units, all sorts of new opportunities are being created,” she said.
University principal Prof Sir Anton Muscatelli said the campus could create “Scotland’s Silicon Valley on the Clyde”.
“I have no doubt that the innovation agenda and industries like quantum technology, nanofabrication and precision medicine can be to the 21st century Glasgow economy, what shipbuilding was in the past,” said Muscatelli.