04 Oct 2018 | Category: LLEP News

Multi-million investment in Space Park Leicester takes another step forward

A planning application has been submitted for the first phase of Space Park Leicester. This pioneering project will establish a new industry-academic cluster focused on space and related industries, right here in Leicester. The Park will be located on the site of the former John Ellis School on Leicester’s Waterside, close to the National Space Centre.

Funded in part through a £12.8m grant from the government’s Local Growth Fund via the LLEP, the project is a collaboration between ourselves, the University of Leicester, Leicester City Council, and the National Space Centre. The plans support the government’s strategy to capture 10% of the £400 billion global space market by 2030; the new Space Park is key to this, as an international hub combining research, teaching and innovation.

A new centre of excellence

From developing satellite technologies to enabling the detailed analysis of data, Space Park Leicester will help transform sectors such as international communications, resource management, environmental monitoring and disaster relief. When completed, the estimated benefits to regional economy are £715 million and 2,500 jobs in the wider supply chain.

The first phase will focus on space data, applications and services. The building will be a new home for Leicester’s Institute for Space and Earth Observation, one of the university’s flagship research institutes. The building will also contain first-class teaching and laboratory facilities, and house commercial partners both large and small. We anticipate that 150 businesses will be active participants within the first five years.

Designed by architects Shepheard Epstein Hunter, the building features two wings set around a central atrium. It is designed to be flexible: equally able to accommodate informal meetings, high-tech work or exhibitions and events.

Artist's impression of the new Space Park building at night

Design for the new Space Park building

Funding the project

Phase one will be funded through:

  • A £12.8 million grant from the government’s Local Growth Fund via the LLEP
  • A £1.5m contribution from the Natural Environment Research Council
  • Up to £13 million from the university.

These contributions are just the start of an estimated £80m+ investment to transform the site into a world-leading centre for space.

Subject to planning, construction will start on phase one in the early part of 2019, to be completed by mid-2020.

For more information, please contact: admin@llep.org.uk

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