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£7.6 Million Funding Package Secured for Third Building at Liverpool Science Park; 7,000 Jobs Ahead


10/10/2011 7:44:52 AM

October 10, 2011 -- The construction of Liverpool Science Park (LSP)’s third building will commence on site next year following the announcement of a £7.6M funding package.

This will complete the development of LSP’s Metropolitan cathedral site, at the heart of the two universities and Liverpool’s knowledge quarter.

‘Innovation Centre 3’ will play a vital role in the long-term development of Liverpool’s Commercial Knowledge Economy by providing 42,000 sq ft of much-needed R&D offices and laboratories to support, retain and expand the region’s thriving life sciences and physical sciences sector. It will also offer purpose built starter pods for young knowledge based companies and state of the art open innovation space for all LSP tenants.

The Park’s owners, Liverpool City Council, the University of Liverpool and Liverpool John Moores University, will underwrite a £3.8M loan taken out by LSP towards the construction costs, with the balance of £3.8M being provided by the European Regional Development Fund (ERDF).

Chris Musson, chief executive of the award-winning Liverpool Science Park, said: “Confirmation of funding for ic3 is a key moment in Liverpool Science Park’s evolution, and will provide world leading opportunities for our current tenants and for the region’s commercial knowledge economy. We would like to thank our partners for their continued support.

“From our experience, laboratory-based SMEs demand flexibility and our Containment Level Two laboratories and flexible leasing policy will enable the creation of a new and vibrant tenant mix to the Park. We are answering a need and sending a clear message nationally to science-based companies that Liverpool is a high quality destination for commercial knowledge enterprise. Similarly, the new starter pods will make LSP the destination of choice for any young entrepreneurs wanting to mix with like minded companies and will set LSP apart as a place where knowledge based companies from any discipline can work and collaborate together.

“The project fits perfectly with the North West Competitiveness program to deliver on the Lisbon Agenda, further pushing the North West as the number one destination for innovation and high growth organisations. The investment for ic3 goes to further enhance the Park’s attractive offering, which is built on providing a first class operating environment, business support and links to the region’s specialist experts.”

Sir Howard Newby, Vice-Chancellor of the University of Liverpool (UoL) and Chair of the Liverpool Science Park Board, said:“Liverpool Science Park was created as the special purpose vehicle to support and drive forward Liverpool’s commercial knowledge economy and ic3 marks another exciting chapter in our long term plan. The laboratories in ic3, combined with the floor of laboratories to be built in ic2, will be a great asset to the city region and the perfect complement both to existing facilities in the city region and to the planned Bio Campus and BioInnovation Centre.”

Prof Nigel Weatherill, Vice-Chancellor of Liverpool John Moores University, added: “Harnessing local talent and attracting inward investment is key to future growth and building a pipeline of high value jobs.This new building will enable us to unlock the commercial potential of the city’s world-class company and research base, and will allow LSP’s proximity to the Design Academy and to LJMU’s new Business and Law facility to be fully exploited.”

Alan Welby, Director of Knowledge Economy at the Mersey Partnership, added: “The creation of ic3 is a significant building block in establishing the Liverpool City Region as globally competitive centre for innovation and the knowledge economy. The world class facilities will add a further dimension as we grow our economy and brings increased scale and opportunity.”

Detailed planning permission was granted for the four-storey building in October 2010.

Ic3 will be built on a 0.55 hectare site over the existing car park of Innovation Centre 1 (ic1), off Mount Pleasant, to the south west of Liverpool Metropolitan Cathedral. It will feature flexible office space, fully serviced laboratories over three floors, meeting rooms, under-croft car parking, and secure cycle storage.

The high-quality design of the building, with floor to ceiling glazing to maximise natural light, mirrors the limestone and slate features of ic1 and compliments the surrounding buildings within the Mount Pleasant Conservation Area.

A double-storey bridge will link ic3 to the existing ic1 building, with visitors being directed to ic3 via the current main entrance of ic1.

Construction is expected to commence in late Spring 2012 and open in in Summer 2013.

For more information about Liverpool Science Park visit www.liverpoolsciencepark.co.uk

About Liverpool Science Park

Liverpool Science Park, launched in 2006, is currently the second fastest growing science park in the UK, second only to Cambridge Science Park.

The Park was created to develop and support Liverpool’s Commercial Knowledge Economy and has proved a huge success to date.

It provides the ideal home for developing science and knowledge based companies through the provision of:

- Flexible, bespoke fit-for-purpose accommodation

- Versatile leasing arrangements

- Specialist business support

- Life Science laboratory compatible accommodation

- Links to the region’s specialist experts

- Access to the academic research base

Located in Liverpool City Centre, in the heart of the Knowledge Quarter, at the foot of the steps of the Metropolitan Cathedral, Liverpool Science Park currently comprises two buildings, Innovation Centre 1 (ic1) and Innovation Centre 2 (ic2) offering 80,000 sq ft of high-specification grade A accommodation.

The Park operates a gateway policy to ensure it targets and supports companies within the Knowledge Economy.

Its occupants span a wide range of exciting knowledge-based sectors including the creative industries, pharmaceuticals, life sciences, ICT, software development and genetics - all on the cutting edge of new technology.

The unique facility is not only retaining home grown talent, but is attracting companies from outside the region and abroad, from as far afield as Finland and Canada.

Liverpool Science Park is an award-winning centre, which has twice collected the “Best Science Based Incubator” award at the International Annual Incubator Conference & Awards.

It is estimated that with the development of further phases, the Park could support as many as 7,000 local jobs within the next ten years.

The Liverpool Science Park is a joint venture between Liverpool City Council, John Moores University and the University of Liverpool and is part finances by the European Union under Merseyside’s Objective One ERDF programme, Government Office for the North West and the North West Regional Development Agency.

For more information about the park and its facilities visit www.liverpoolsciencepark.co.uk or call 0151 705 3400.

About ERDF in the Northwest

The European Regional Development Fund (ERDF) is making a real difference to people and businesses in the Northwest. With €755 million to invest between 2007 and 2013, ERDF is enhancing the competitiveness of the region’s economy by supporting growth in enterprise and employment.

ERDF in the Northwest is managed by The Department for Communities and Local Government.

For further information please visit www.communities.gov.uk/erdf

Chris Musson is available for interview on ic3 - please contact Gemma Wieczorek at Active Profile if you would like to arrange this - 0151 7053765 or email gemma.wieczorek@activeprofile.co.uk


Read at BioSpace.com


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