Develop Phase 5 of the Plymouth Science Park. Phase 5 centres around a new build subdivided into 11 high quality IT Hub business units of approx 2,000 sq ft as well as alterations to one of the existing buildings on the Park, 5 Research Way, to adapt and subdivide the building to provide units that are more appropriate to developing businesses. The hub is designed to act a regional catalyst for IT and digital business, focussing on digital innovation, development and capability with the aim of creating a critical mass of like-minded companies on the Science Park.
The project is a joint venture between Plymouth Science Park, Plymouth City Council and Plymouth University and is a combined approach to growing high end businesses in the Technology and IT market sectors. It will create:
190 new jobs
2,972 sqm of new and refurbished space
Growth Deal 1 Funding: £3m
Total Funding: £6.96m
Started on site: June 2015
Completed: December 2016