Growth Area 4 – Loughborough.
The East Midlands has a legacy of pharmaceutical research and development and is a hotbed for businesses in healthcare, bioscience, medical equipment and devices, pharmaceuticals and biotechnology sectors.
The Loughborough Growth Area draws together key economic growth priorities including the knowledge-based employment opportunities at Loughborough University Science and Enterprise Parks and the Charnwood Biomedical Campus.
The Growth Area will also facilitate the development of housing growth at Loughborough and Shepshed and the supporting infrastructure required to facilitate these developments. The area will also need additional utilities investment, together with improvements to the road network, to overcome barriers to development.
Transformational Priority – The Loughborough University Science and Enterprise Parks
These are an exceptional opportunity for the LLEP and UK economy to develop an internationally significant centre for knowledge-based employment.
LUSEP is already one of the largest developments of its kind, with 63,000m2 of high-quality space. Additional University land holdings provide the opportunity to increase this space by 200%, creating as many as 4,000 additional jobs on site and leveraging private investment of up to £200m.
The City Deal is supporting initial development of this Transformational Priority in 2015/16. Further capital funding will be sought for 2016/17 onwards.
- 2 ha land released
- 200 Training places per year (at least)
- 33 Jobs
- 27 Apprenticeships
Read more in our SEP