Works have begun on the second phase of Lincoln’s Science and Innovation Park, which will see the development of a new £3 million building set to offer high-tech ‘grow-on’ space to businesses in Lincoln looking to expand and move into larger premises.
Set to be completed by July 2021, the building is supported by the European Regional Development Fund and it may include some of the Science Park’s current tenants who are relocating from their premises at Boole Technology Centre.
A further £3.4m from the Greater Lincolnshire Local Enterprise Partnership, matched by capital from the Science Park, will accelerate the development of the remaining six acres in a second wave of expansion.
Tom Blount, Director of Lincoln Science & Innovation Park said: “Despite a difficult year for many, the Lincolnshire economy is primed to expand as we emerge from lockdown, which has been reflected in the success of tenants based at the Science Park this year.”
These include cybersecurity firm Kryptokloud and agri-tech businesses B-Hive Innovations and HarvestEye.
Vidyanath Gururajan, Managing Director of B-Hive and HarvestEye said:
“It has been a challenging year in so many ways. But where there is uncertainty there is opportunity.
“At B-Hive Innovations, in the midst of Covid, we have managed to progress our projects and secure new Innovate UK funding to further our research.
“And despite Covid, the team at HarvestEye has done a brilliant job delivering a new product during the 2020 harvest season and identifying opportunities to grow the product in the UK and worldwide.”
Source: CityX