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Collagen Solutions receives £1.54mln grant from Scottish government

Glasgow-based Collagen Solutions PLC (LON:COS) has been awarded a grant of up to £1.54mln from the Scottish government as part of plans to grow the life sciences sector in the country. Collagen CEO Jamal Rushdy and CFO Hilary Spence both explain to Proactive Investors London how significant this announcement is and what it means for the cash balance sheet. News here too on exactly which R&D projects will benefit and how critical this development is to Collagen's long term R&D programme.
The grant will cover more than a third of Collagen’s expected R&D costs – estimated to be in the region of £4mln – over the next three years.

 
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