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Twenty-year joint venture will attract national and international inward investment. 6,000 knowledge-based jobs to be created in science and…
Twenty-year joint venture will attract national and international inward investment.
6,000 knowledge-based jobs to be created in science and innovation sectors.
The Government has confirmed a major investment in science and innovation with the announcement of a public-private joint venture that firmly establishes the award winning Daresbury Science and Innovation Campus (Daresbury SIC) in Cheshire as one of the world’s principal locations for scientific research, innovative technology development and entrepreneurial collaboration.
Minister of State for Universities and Science, David Willetts, confirmed the Government’s support for this new public-private partnership comprising the Science and Technology Facilities Council (STFC), Halton Borough Council, the North West Development Agency (NWDA) and private sector property investment development company, Langtree.
The 20-year joint venture creates a 50:50 partnership between the public and private sectors and will bring more than 6,000 jobs to the area during its lifetime, attracting further domestic and international positive inward investment in world class scientific research and innovation.
Confirming the joint venture, David Willetts said:
“Science, technology and innovation can play a crucial role stimulating the economy. This great facility at Daresbury is an excellent example of this.
“Daresbury has a long heritage of providing cutting edge and innovative science. This development will not only strengthen the science base at the campus, it will also drive up inward investment and increase the economic impact of science through business access to a broad range of scientific capability and facilities. Teamed with international collaboration, this model of open innovation will lead to the creation of new technologies, products and services, new businesses, and new jobs that will benefit all aspects of UK society.”
Under the agreement, STFC will contribute involvement in major public sector science programmes and a proactive approach to ensuring fundamental research can be harnessed and exploited by innovators, entrepreneurs and industry. Langtree will develop 1 million square foot of space for science and innovation facilities, hi-tech businesses and supporting infrastructure for the Campus, which has already benefitted from over £67m investment from the NWDA.
The Daresbury Science and Innovation Campus is home to STFC’s Daresbury Laboratory, The Cockcroft Institute and the Daresbury Innovations Centre, which already hosts more than 100 high tech companies, most of which are SMEs looking to find innovative solutions to global challenges including energy, healthcare, security and the environment.
Science and technology Facilities Council (Daresbury)
Tel: 01925 603232
Notes to Editors
1) Daresbury Science and Innovation Campus
In 2006 the Government announced two locations, Daresbury and Harwell, as campuses for the focus of government science research and innovation investment as a key part of its 10 year UK Science and Innovation Investment Framework. Daresbury Science and Innovation Campus (Daresbury SIC) was formally opened in September 2006 by Lord Sainsbury, the then Science and Innovation Minister.
Daresbury SIC is an internationally recognised location for high-tech businesses and leading-edge science. It represents a fundamentally new approach to driving UK competitiveness in global science and innovation. Daresbury SIC was formed by the Northwest Regional Development Agency and the Science and Technology Facilities Council, Lancaster University, the University of Liverpool, the University of Manchester and Halton Borough Council. Daresbury SIC was recently awarded the prestigious ‘Most Outstanding Science Park’ award by the UK Science Parks Association.
2) BIS’ online newsroom contains the latest press notices, speeches, as well as video and images for download. It also features an up to date list of BIS press office contacts. See http://www.bis.gov.uk/newsroom for more information.
Notes to Editors
Name BIS Press Office Job Title
Division COI Phone
Name Emma Griffiths Job Title
Division Department for Business, Innovation and Skills Phone 020 7215 5982 Fax
Published: 19 November 2010