Phase one of the £20 million Michelin tyre factory development has been completed contractors have confirmed.

The Dundee site’s first lettable area for start-ups - that covers 1,125 sq m - is now up and running.

It is the first chapter of the transformation of the sprawling factory into MSIP - the Michelin Scotland Innovation Parc.

Six light industrial units are now complete and ready for occupancy in the Fulhame Building and have all already been reserved.

MSIP is a joint venture consisting of Michelin, Scottish Enterprise and Dundee City Council.

They hope the development will ‘position MSIP as a world leading Innovation Parc’.

Chief operating officer at MSIP Colin McIlraith said: “With the first development now complete, phase one of our transformation programme is progressing well.

“The new units are already reserved and I look forward to sharing more on those tenants once leases are finalised.”

While Robertson Construction’s Kevin Dickson said the completion of the first site signifies the beginning of a new chapter.

He said: “MSIP will create a dynamic and creative home for innovators, manufacturers and skills leaders.

“With future works already underway, Robertson looks forward to continuing its relationship with MSIP and playing our part in helping to deliver Scotland’s newest Innovation Parc.”

The next stage of the development is the delivery of innovation labs and a skills academy which will include classrooms, workshops and a space for learning and demonstrations.

Construction is already underway with completion due later this year.

Get the latest DundeeLive news sent straight to your inbox. Sign up for our daily news updates.