Siemens will leave its Firth Road site with 120 employees moving across the city to the main Ruston Works as part of a £6.5 million investment in improved facilities.
The Siemens global research and development team has been based at the Firth Road site since the 1970s. They are responsible for developing the next generation of small gass turbines,
The relocation will be completed by December 2020. Meanwhile, St Modwen has put the Firth Road business park up for sale.
As part of this relocation, test equipment will transfer and an existing office block will benefit from a significant upgrade.
Mark Speed, Head of New Equipment, Small Industrial Gas Turbines at Siemens, said: “This is a positive move for our employees.
“Not only will they have more up-to-date facilities to work in, but being closer to their colleagues already based at Ruston Works will allow for more collaboration and continue to make the business competitive in the small gas turbine marketplace.”
Neil Corner, Managing Director of Siemens Industrial Turbomachinery, said: “Lincoln continues to play an important role in Siemens global small gas turbine business and is a key manufacturing and service location in the UK.
“Moving our important R&D work onto our main site will also allow us to show customers the essential research and development which takes place right here in Lincoln.”
With more than 1,500 employees across Lincoln Siemens has invested £100million into the area since 2010 with £48.5million at Teal Park and £43.5million at Ruston Works.
Siemens Mobility opened a new £8million Bogie Service Centre in Lincoln in 2018. It will create up to 40 skilled jobs by the end of 2019.
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