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Scottish Enterprise welcomes V&A site announcement.
Jill Farrell, Regional Director, Scottish Enterprise, said: "This announcement is fantastic news for the city of Dundee, the wider region and Scotland. The outstanding combination of a landmark building, the cachet of the V&A brand and the unique site in the River Tay will help drive Dundee's Waterfront development and further boost the city's, and Scotland's, reputation as a hub of creative industries.
"A project of this calibre will significantly enhance the image and perception of the city and the region to the world-wide community and we are delighted to support the development of this exciting project."