Companies based at a science park in Lincoln have attracted £8 million investments in the past year.
The money has gone towards developing new technology in biotech, pharmacy, agritech, data, cyber security, chemical engineering and more.
It may sound like a lot of money, but Lincolnshire scored poorly in a recent government report for the amount of inward investment.
Lincolnshire was ranked 34th out of 39 for investment, but the Lincoln Science and Innovation Park on Beevor Street wants to change that.
Tom Blount, director of the park, said: “There is tremendous potential in this county. Part of the Science Park’s role is to help support opportunities coming out of industry and the university.
“We have been fortunate that a high calibre of companies have chosen to make Boole Technology Centre their home, which has created a cluster of excellence and high-quality job creation that we hope will spread out across the county.
“We are incredibly proud of these excellent companies. Many of them would attract investment anyway but may have chosen to be based outside of Lincoln and Lincolnshire if it weren’t for Boole Technology Centre.”
Phase two of the science park’s development aims to bring in more funding to the county by offering bespoke buildings for larger and expanding businesses.
The park was founded by the University of Lincoln and the Lincolnshire Co-op.