Plans have been unveiled for the next decade of development at Lincoln Science and Innovation Park with an outline of planning applications to City of Lincoln Council for the second part of the development plan.
With the proposals, it would offer high quality new commercial space for high-tech firms with units of between 500 and 3000 square metres. It would provide more than 10,000 square metres of additional floor space over six landscaped acres to the west of the current park. It will aim to create bespoke new commercial spaces for larger science and technology companies to invest in a historic and industrial Lincoln.
The new development is designed to provide new building stock that is more focused on technology than has previously been available in the county but it is also intended to provide a resource for businesses located across Lincolnshire.
There has been investments totalling around £22 million so far in the Science Park and it is anticipated that the same amount of investment would be made in the next phase of development over the next 10 years. Its estimated expansion of the Science Park could create and support around 800 new jobs.
The ambition of the Park is to lift the performance of entire sectors in Greater Lincolnshire by providing a cluster of people, talent, skills, equipment and idea that can spread across the whole country.
Lincoln Science and Innovation Park is a partnership between Lincolnshire Co-op and University of Lincoln which offers a new hub for private sector investment and innovation alongside state-of-the-art academic research science facilities in the heart of Lincoln, within less than a mile of the city centre, including the major transport hub development and the university campus.
The new masterplan follows a rapid period of development for the Science Park. There has been £15 million of investment in Joseph Banks Laboratories and Minster House, which opened in 2014 and now hosts over 1000 students and researchers in fields such as life sciences, chemistry and pharmacy.
The academic buildings are situated alongside the new £7 million Boole Technology Centre which provides highly customisable premises for small and medium sized companies working in science and technology.