More than 200 jobs will be created through a £4.6m investment in revamping laboratory space at Charnwood Campus.
Highly-specialised lab space, which is currently unused, is to be reactivated to create a world-class biochemistry building.
The project will enable a research organisation to expand into the LLEP area. And it will mean existing facilities can be upgraded as part of the first phase of an Innovation Centre project which will provide specialised laboratories – which meet modern regulatory requirements – for Leicester and Leicestershire’s life sciences cluster.
The total investment of £4.6m will be provided through Enterprise Zone Retained Rates Funding from the Leicester and Leicestershire Enterprise Partnership (LLEP), in partnership with Charnwood Borough Council.
Andy Reed OBE, LLEP co-chair, said: “This lab space will bring inward investment through the arrival of the first tenant.
The project will:
- Make available 9,417m² of highly specialised bio-chemistry laboratory and office space;
- Create 100 high value jobs within 12 months – and a total of 222 within five years;
- Introduce a further 1,110 jobs in the supply chain;
- Create 50 parking spaces with electric car charging points.
Cllr Jewel Miah, leader of Charnwood Borough Council, said: “This project is another example of the opportunity we have to bring significant inward investment to Charnwood through making effective use of world-class life sciences infrastructure.
“Not only will this create cutting-edge lab space, it will also create hundreds of quality jobs and strengthen the supply chain for our local economy.”
