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10 April 2008

Hundreds of new job opportunities could be created in Merseyside with the launch of Liverpool Innovation Park (LIP) later this week.

The Innovation Park has been created by bringing together three adjoining business sites on Edge Lane; the former Marconi research centre recently known as Liverpool Digital, the former Mersey Transport depot site, now remediated and ready for development, and the established Wavertree Technology Park. Together, as LIP, they have the potential to house a business community totalling in excess of 1 million sq ft of floorspace. This development is reserved for firms from high technology and innovative sectors.

Importantly, LIP is being linked into the rest of Liverpool’s knowledge economy. The area around the universities, where Liverpool Science Park is based, is being branded as Liverpool Knowledge Quarter. The Quarter is then joined to the Innovation Park by Liverpool Innovation Corridor, which provides a two way flow of businesses, talent, ideas and money, which will benefit research, company development, job creation and graduate retention.

Liverpool Innovation Park is owned and managed by Space Northwest - a public private partnership created by the Northwest Regional Development Agency (NWDA) and Ashtenne Industrial Fund.

Liverpool Digital and Wavertree Technology Park already have a notable number of high technology and innovation companies.  The development land on LIP has the capacity to house six new buildings totalling up to 400,000 sq ft, They are earmarked for businesses from a wide range of knowledge-based disciplines that either will conduct research or draw heavily on the fruits of research elsewhere.

Wayne Locke, director of Space Northwest, explained:
“Liverpool Innovation Park offers huge potential for industries in the knowledge and innovation sectors for two principal reasons – Firstly its excellent strategic location within the city of Liverpool and secondly because it has high capacity, resilient fibre optic connections – vital for today’s leading technological companies”.

“The ultimate objective is to develop a vibrant business community at the LIP, networked along the corridor into the Knowledge Quarter. Institutions and businesses at each end of the Innovation Corridor will be operated and promoted alongside each other as complementary elements.  They will offer a single innovation economy, thereby attracting further investment to the city.”

Steven Broomhead, chief executive of the NWDA said:
“LIP will become a serious economic engine for Merseyside. Rapid and sustainable growth of the knowledge economy is crucial for the future in the region, and innovation is a key component. The Agency has invested in both LIP and in Liverpool Science Park, as the two are complementary, and together they will help maximise the contribution that the universities make to our future prosperity. It is very important that Merseyside can make a strong science and innovation park offer to inward investors, and to use this to attract and retain talent”.

Jim Gill, chief executive of Liverpool Vision added:
'Liverpool Innovation Park is an important development for the city. The knowledge economy is a key growth sector and it is pleasing that new high quality accommodation is being delivered to meet the demand of knowledge based companies.”

Space Northwest is currently marketing 230,000 sq ft of available accommodation out of a total of 410,000 sq ft of space at Liverpool Digital, Existing occupiers include Liverpool John Moores University’s International Centre for Digital Content and Aimes Grid Services.  The joint venture is in the process of investing in excess of £5 million in speculatively refurbishing additional accommodation, adding a café and meeting rooms, together with generally improving the frontage and image of this prestigious development.

Sony, ICDC, DigitalInc, Selex Communications Limited, Baxters Healthcare Limited, Scientific Hospital Supplies International Limited, Ultramedic Limited, Gardner Systems plc and Human Recognition Systems Limited are among the other occupiers already on site.

Further details are available from:  Sylvia Pollock or Mark Tock at Liverpool Innovation Park: 
T:   0151 261 4688
F:   0151 261 4696
W: www.ashtenne-online.co.uk
W: www.spacenorthwest.co.uk
 
ENDS

Editorial contact:
Julie Whyman, Lorien PR Limited
T:  0151 342 1390   M:  07949 169190

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