Nottingham Scheme Likely to Be Approved
19th Mar 2019
Loughborough University Science and Enterprise Park has been accredited with the city's booming science and research sector.
The university has been ranked seventh in the Complete University Guide for 2017 and now has 57 companies situated at the 13-year-old science and enterprise site. With 2,000 people already employed at the park, there are plans to further develop vacant land.
With enough space for a further 3,000 employees it's hoped that further expansion of the site will create the largest science park in the UK.
The site of the science park, which was originally 163 acres, was bought by the university from British Gas back in 2003.
The current site consists of a two storey office and lab, dubbed the Charnwood Building, the Sportpark, home to many of the country's sport governing bodies, the Holywell Building, which is home to the Energy Technologies Institute, and the Michael Pearson Building, where the Sports Technology Institute and British Triathlon are based.
In 2014 the region was the beneficiary of £16m of funding, with the aim to put the money towards creating around 1,500 jobs.
The site opened in September 2015 and reportedly has an occupancy rate of 95%.
One of the major benefits of the parks location is the access that companies have to thousands of students that they can depend on. Although it's not just companies that benefit from the current setup. When companies join, they have to show a willingness to engage with the university. Graduates also have the opportunity to apply their skills locally, which ensures that student retention is high.
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