The South West of England Regional Development Agency has purchased a 9.3 hectare site on the outskirts of Exeter to build a £10m science park due for completion in 2010
The South West of England Regional Development Agency (SWRDA) has purchased a 9.3 hectare site on the outskirts of Exeter to build a £10m science park due for completion in 2010.
Planning partners in the project to date include the SWRDA, ExeterUniversity, Devon County Council, Exeter City Council, East Devon District Council and the Met Office. As well as providing a site for the SciencePark, the purchase from current landowners Eagle One also includes land needed for improved motorway access to the surrounding area.
Ian Thompson, area director for the SWRDA, said: ‘The purchase of this land is of enormous strategic importance to the region. This has been a top priority for the RDA and, by opening up the opportunity for the SciencePark and future growth for Exeter, illustrates how we can work with partners to invest to unlock the business potential of the region.
‘The Science Park is part of a regional network, including Bristol and Plymouth, which the RDA is supporting and will help drive enterprise in Exeter as well as creating 2,000-plus jobs. The wider benefits are substantial, with the potential for more than 6,000 highly skilled jobs, new homes and £0.6bn of investment in the East of Exeter Growth Area.’
According to the SWRDA, the SciencePark will play a key role in helping to diversify and reinforce the economy of Exeter through the development of knowledge-based businesses. It also aims to capitalise on links with the technology base provided by Exeter University and the Met Office.