Liverpool Science Park secures £7.6m expansion funding

Third building to provide 42,000 sq ft of R&D offices & laboratories

Article posted: 12 Oct 2011

The construction of new laboratories and R&D office space in Liverpool will commence on site next year at Liverpool Science Park’s third building following the announcement of a £7.6M funding package. 

This will complete the development of LSP's Metropolitan cathedral site, at the heart of the two universities and Liverpool's knowledge quarter.

'Innovation Centre 3' will provide 42,000 sq ft of much-needed laboratories and R&D offices at the Liverpool scheme, playing a vital role in the long-term development of Liverpool's Commercial Knowledge Economy by supporting, retaining and expanding the region's thriving life sciences and physical sciences sector. It will also offer purpose built starter pods for young knowledge based companies and state of the art open innovation space for all LSP tenants.

The Park's owners, Liverpool City Council, the University of Liverpool and Liverpool John Moores University, will underwrite a £3.8M loan taken out by LSP towards the construction costs, with the balance of £3.8M being provided by the European Regional Development Fund.

Chris Musson, chief executive of the award-winning Liverpool Science Park, said: "Confirmation of funding for ic3 is a key moment in Liverpool Science Park's evolution, and will provide world leading opportunities for our current tenants and for the region's commercial knowledge economy. We would like to thank our partners for their continued support.”

Ic3 will be built on a 0.55 hectare site over the existing car park of Innovation Centre 1 (ic1), off Mount Pleasant, to the south west of Liverpool Metropolitan Cathedral. It will feature flexible office space, fully serviced laboratories over three floors, meeting rooms, under-croft car parking, and secure cycle storage.

Construction is expected to commence in late Spring 2012 and open in Summer 2013.

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Posted by Sam