Work has started to demolish the former Ruston Bucyrus warehouses in Lincoln to make way for the new £6.75 million Boole Technology Centre on Lincoln’s Science and Innovation Park (LSIP).
The LSIP is a public/private sector partnership owned by the University of Lincoln and the Lincolnshire Co-op.
The Boole Technology Centre is part-funded from the government’s Growth Deal through the Greater Lincolnshire Local Enterprise Partnership (LEP).
This project is the next step in the park’s development after the completion of the Joseph Banks Laboratories, which opened to students and businesses for the first time earlier this year.
This scheme will complete development of phase one of the Lincoln Science and Innovation Park.
The centre will stand at 2,398 sqm and is expected to accommodate between 10 and 15 growing businesses, supporting over 250 businesses over the next decade through its outreach into key supply chains. This will directly create or safeguard some 53 jobs.
The centre will provide office space and laboratories within a mixture of refurbished and brand new buildings.
The development will retain the existing art deco 1930s substation, which is to be incorporated as an entrance hall and meeting space. Two new wings will also be constructed over two to three storeys.
Councillor Colin Davie, Executive Member for Economic Development at Lincolnshire County Council and Greater Lincolnshire Local Enterprise Partnership board member, said: “Lincoln is very much a city on the up, and the LEP is keen to build on that momentum by supporting and investing in projects like the new technology centre.
“I’m sure this new facility will add to our reputation as a world-class place to do business, attracting new businesses and investors to the area.
“It will encourage entrepreneurship, drive up levels of innovation, create skilled jobs and improve the competitiveness of our local firms, nationally and internationally. And that all means a major boost for the local economy.”
Read more about the Lincoln Science and Innovation Park story so far from its director Tom Blount in issue 23 of Lincolnshire Business magazine.
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