Campaigners have won their fight to retain a marine biological station on the Isle of Cumbrae after an agreement was reached to transfer ownership to the Field Studies Council.

The University of London announced yesterday that it had signed a memorandum of understanding with the FSC to secure a sustainable future for its Marine Biological Station at Millport.

The agreement will see ownership of the physical assets of the station, including land, buildings and other facilities, being transferred to the FSC on January 1, 2014. The move will save around 30 jobs.

Leading academics from six Scottish universities launched a campaign last year to save the scientific research centre after the Higher Education Funding Council for England withdrew the £400,000 it gives the University of London to run the station.

Maureen Boylan, the University's Deputy Secretary, who led the negotiations, said: "This is very good news indeed for the station, the island community and the local economy. We are delighted that the FSC, with its outstanding reputation in environmental education, has agreed to work with us to find a sustainable future for this valuable asset."

Rob Lucas, FSC chief executive, said "This is an exciting opportunity for the FSC. Our vision for Millport is for it to become a flagship for field studies in Scotland, building on its reputation for high quality field research and university teaching.

"The marine location will provide the perfect complement to the field studies we have been developing at our Kindrogan field centre."

Education Secretary Mike Russell said: "I welcome this agreement which is a big step forward in helping to secure for the long term future of the University Marine Biological Station Millport which has suffered years of under investment from the University of London.

"Many people have been working tirelessly to maintain the provision of marine field studies at Millport in order to secure local jobs, take advantage of the environment and history of the site and underpin the economy of the Island of Cumbrae."