Innovative new development planned for recession busting Science Park


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Posted on 15 February 2011

A major new development – creating around 125 cutting edge jobs - is being planned at a thriving Staffordshire Science Park.

Staffordshire County Council has unveiled plans for a fifth Innovation Centre at Keele Science Park, Newcastle-under-Lyme.

The Science Park, at Keele University, is a major success story, bucking all recessionary trends with an average 95 per cent occupancy rate. Jobs on the site are generally skilled, high quality, often hi-tech, jobs which will help to regenerate the North Staffordshire economy.

And the new 30,000 sq ft  IC5 development is set to get off to a flying start with potential tenants identified for two thirds of the space.

Councillor Philip Atkins, leader of Staffordshire County Council, said: “The Keele Science Park is a major national success story.  Occupancy rates have remained high since the first Innovation Centre unit opened in 1999, resulting in continual on-going development on site.

“The Science Park is home to many innovative companies, providing high quality jobs in areas such as medical research and hi-tech research and development."

Around 40 companies are currently housed at Keele – generating about 650 jobs.

Councillor Simon Tagg, leader of Newcastle-under-Lyme Borough Council and County Councillor for Keele and Westlands, said:  “This is fantastic news for jobs at Keele and in the borough.  It is great that the newly formed Staffordshire and Stoke Local Enterprise Partnership is backing the scheme to bring employment and prosperity to the area.”

The four current Innovation Centres provides around 100,000 square feet of mixed development space.

Companies on site are encouraged to forge academic links with Keele University, creating a research force for the companies and a highly qualified source of potential employees.

Staffordshire County Council has submitted a planning application to Newcastle Borough Council asking for permission to go ahead with the development.

Ends

Press release issued by Tom Hobbins at Staffordshire County Council - 01785 276832 or tom.hobbins@staffordshire.gov.uk


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