The principle of capturing the expertise of Loughborough University to support technology transfer to sustain local economic growth through innovation, research and development has been supported by strategic policy since the foundation of the Loughborough Technology Centre in 1984.
The concept of developing a Science Park was originally promoted by the Loughborough Local Plan in 1994 and commenced with the development of the former British Gas Research Centre which is now owned and operated by the University as Holywell Park.
In 1999 a consortium of Leicestershire local authorities and Leicestershire TEC considered the demand for and feasibility of establishing further Science Parks in Leicestershire. The studies, commissioned from Segal Quince Wicksteed (SQW) can be viewed below:
Demand and Feasibility for Science Parks Report Exec Summary 1999 (PDF Document, 4.43 Mb)
Demand and Feasibility for Science Parks Report 1999 (PDF Document, 0.52 Mb)
The SQW studies provided the context for successive plans including the Borough of Charnwood Local Plan (2004), the, Leicestershire, Leicester and Rutland Structure Plan (2005) and the East Midlands Regional Plan (2007). All included a commitment specifically or in general terms to the development of a Science Park at Loughborough.
That commitment is continued through the priorities set out in the Council’s Corporate Plan and its Regeneration Strategy and is central to the Council’s Core Vision Strategy. Exploiting the full commercial potential of the University is a priority shared with the University, Leicestershire County Council, Charnwood Together and the Leicester and Leicestershire Enterprise Partnership.
To test the continued business case for the development in the current period, the Borough Council in partnership with the County Council commissioned Kathrin Peters and Charles Monck to review the evidence base for the development, including an assessment of potential demand and land take, and to establish a set of development parameters required to secure the delivery of the project. Peters and Monck submitted their report in December 2012 which is available to download below:
Loughborough Science & Enterprise Park Phase 1 Report (PDF Document, 3.11 Mb)
Following the completion of the phase 1 report Peters and Monck were commissioned jointly by the Borough Council and Loughborough University to prepare a business plan providing a vision and framework of required actions to ensure the expansion of the Science and Enterprise Park. The business plan has been designed to highlight the issues and options that the University will need to take into account in drafting its own more detailed strategy and financial plans for the delivery of the facility. The report was submitted in June 2013 and is available to download below:
Loughborough Science Enterprise Park Phase 2 Business Plan (PDF Document, 4.68 Mb)
Leicester and Leicestershire City Deal 2014
The Leicester and Leicestershire City Deal (March 2014) has recognised the delivery of LUSEP (Phase II) as a core component of the area’s wider growth strategy. £3.95 million of government and EU funding supported by £600,000 from the Borough and County Council will leverage £2.85 million of private sector investment to deliver an Advanced Technology Innovation Centre together with the provision of infrastructure to service Phase II (8 hectares). The approved works are scheduled for completion by December 2015.
Strategic Economic Plan 2014 - 2020
The Leicester and Leicestershire Enterprise Partnerships Strategic Economic Plan 2014 – 2020 identifies LUSEP as one of four transformational priorities across Leicester and Leicestershire presenting an exceptional opportunity to develop an internationally significant centre for knowledge based employment. The Park is recognised as being one of the largest developments of its kind and will provide up to 4,000 additional jobs and lever private investment of up to £200 million.
Further information can be viewed by clicking here.
Last updated: Tue 7th October, 2014 @ 09:35