Final Phase of Liverpool Science Park Secures Funding
An additional 42,000 sq ft of laboratory and office space at Liverpool Science Park (LSP) has gained funding, via a joint venture between the European Regional Development Fund and Liverpool City Council.
LSP is jointly owned by the Council, Liverpool University and Liverpool John Moores University, and now the Council have agreed to match the ERDF’s ┬ú3.8m grant, which will see a total of ┬ú7.6m invested into the new phase of the site.
Known as Innovation Centre 3 (iC3), the third addition to the science park joins iC1 which was completed in January 2006 and iC2 which followed in 2009. Buildings 1 and 2 (pictured) provide flexible space for small or start-up businesses in the technology and science sectors and are currently listed on the officebroker.com website.
Planning permission for the new 4-storey building was granted last October, and the designs have already been drawn up by Ryder Architecture.
The addition of iC3 will complete the development of Liverpool Science Park.
iC3 will be situated on a 0.55 hectare site between the first two buildings, linked to iC1 by a bridge, and is set to bring 10,000 sq ft of laboratory space to the initiative along with flexible office space and ‘starter pods’ for small or fledgling companies. Meeting rooms, car parking and secure bicycle storage will also be provided.
Chris Musson, Chief Executive of Liverpool Science Park, said that the development “fits perfectly” with the North West region’s aim to become the “number one destination for innovation and high growth organisations”, as part of the North West Competitiveness programme.
Commenting on the development, he said: “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.”
Commenting on the confirmation of funding, he said that this is a “key moment” in the park’s evolution, and will “provide world leading opportunities” for current tenants and for the region’s economy.
Sir Howard Newby, Vice-Chancellor of the University of Liverpool (UoL) and Chair of the Liverpool Science Park Board, said that the approval “marks another exciting chapter” in the development of the park and that it will be “a great asset to the city region”, while Cllr Nick Small of Liverpool City Council added:
“We want Liverpool to be the first choice for knowledge-based organisations. This investment 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.”
As well as state of the art facilities, the building will feature limestone and slate to match iC1, and floor to ceiling windows to maximise natural light.
Work is expected to start in Spring 2012 with an expected completion date of Summer 2013.
Find out more about flexible office space at Liverpool Science Park online at officebroker.com.