The fourth phase of Wolverhampton Science Park has taken a step forward with the appointment of design consultants, Fairhursts Design Group.
The project will see high quality office accommodation including business incubation facilities and grow-on space created at the site, which is designed to cater for the creative industry, knowledge economy and technology sectors.
The aim is to encourage new and growing companies by providing access to a range of support services, resources and activities such as inter-trading, networking and collaboration.
Funding support for the design phase has been provided by regional development agency Advantage West Midlands and consultants will produce visual concepts, detailed designs and costs to enable the project to proceed to the next stage.
The project was formulated as part of the Advantage West Midlands Wolverhampton-Telford Technology Corridor initiative.
Executive director Martin Bucknell said: “We are looking to develop a three-storey building located adjacent to the existing Creative Industries Centre allowing businesses there to expand and re-locate on site.
We also expect to attract high growth firms and those diversifying from traditional industries from our local base as well as appealing to inward investors from the UK and overseas.”
Mike Norris, director of the Wolverhampton Telford Technology Corridor said: “An expansion of the Science Park aimed at high technology businesses will help with the economic growth and transformation of the Black Country and will support our vision to create a technology hub.”
Mark Foley, AWM’s partnerships director, said: “Science Parks, innovation and incubation centres are important components in the regeneration of an area providing a hotbed of business activity in similar areas which stimulates collaboration and the generation of new ideas and businesses.”
Wolverhampton Science Park is a collaboration between the University of Wolverhampton and Wolverhampton City Council. It provides a combination of business support, fully serviced offices, workshops, catering and conference facilities to more than 100 tenant firms.