Work is set to begin on a new building at Exeter Science Park after the project was awarded £5million in government cash.
The environmentally-friendly hub at the East Devon site will house small- and medium-sized enterprises in the science, technology, engineering, maths and medical (STEMM) sectors.
Construction on the three-storey ‘Grow-out Building’ is due to begin this month and scheduled to finish in December 2021.
The Grow-out Building is a much-needed stepping stone…
The Heart of the South West Local Enterprise Partnership was allocated £35.4million from the £900million national Getting Building Fund.
Funding has been distributed across the UK invest in priority ‘shovel-ready’ infrastructure projects to drive local growth and create new jobs.
Exeter Science Park was selected as one of the projects to receive funding – allowing to bring forward the Grow-out Building.
The hub will be net-zero carbon and BREEAM-Excellent certified, with flexible office and laboratory space configurable from 65sq m to 335sq m.
Dr Sally Basker, CEO of Exeter Science Park, said: “Exeter Science Park helps innovative STEMM companies to deliver extraordinary growth and these are exactly the kind of businesses that will help accelerate economic recovery post Covid-19.
“The Grow-out Building is a much-needed stepping stone between our Science Park Centre’s incubation space for small, fast-growth companies and the Lamarr, Newton, Turing and Lovelace buildings for larger, steady growth companies.”
Councillor Paul Arnott, leader of East Devon District Council, added: “At this critical time – with the national and regional economy in real peril – this is great news.
“East Devon District Council has been delighted that our partners in the Science Park endeavour are committed to innovation as the route to fresh new growth.
“I would like to thank all those involved in submitting this application – with a very tight turnaround – for this terrific outcome.”
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