The Scottish Government has revealed that it will invest nearly £5m in the V&A at Dundee development over the next two years.

Japan-based architect Kengo Kuma is behind the design of the new attraction, which is to be developed at Craig Harbour as part of a wider regeneration of the city's waterfront.

The funding will now allow the project partners - Dundee City Council; the Universities of Dundee and Abertay Dundee; and the V&A - to start fundraising towards the full cost.

Scottish culture minister Fiona Hyslop said: "The V&A at Dundee will be great for the city as well as benefitting the whole of Scotland, acting as a magnet for visitors from all over the world.

"The V&A at Dundee presents quite an opportunity to grow Dundee's reputation as a centre for the creative industries sector."

The Scottish Government will provide capital funding of £458,000 in 2010-11 and £3.1m that has been earmarked for 2011-12.

A further £280,000 of revenue funding will be allocated in 2010-11, with a further £1m to be set aside in 2011-12.