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University is handed new science park
April 22, 2004The University of Sunderland has officially received the keys to St Peter's Gate Science Park, which is expected to create more than 200 jobs on Wearside.
The park, designed to attract more knowledge-based businesses to Sunderland, has already attracted considerable interest.
The park, adjacent to the university's riverside campus, has been developed by the university in partnership with the Business and Innovation Centre (BIC) and the City of Sunderland.
St Peter's Gate, managed by the university, will provide incubator units for fledgling entrepreneurs as well as accommodation for established knowledge-based businesses.
The 1,440m2 development will also offer an all-important first step for businesses set up by undergraduates and graduates.
Two recent preview sessions for property and business advisers have attracted much interest in the new development.
University business development manager Peters Bowes says, "We have been encouraged by the level of interest in St Peter's Gate, even before construction was complete.
"We know there is a rapidly growing demand for high quality space from entrepreneurs and innovators wanting to locate to Sunderland and we are confident that St Peter's Gate is very well placed to meet that demand."
The park is likely to draw some of its occupants from the university's new Media Centre at its riverside campus, which houses the regional centre of research excellence for digital media.
The TyneWear Partnership is supporting the park with £1.6m from the Single Programme fund. EU funding worth £500,000, and £50,000 from the private sector, has also been received.
Phil Hughes, One NorthEast's board member for Tyne and Wear, says: "St Peter's Gate Science Park development substantially improves the university's ability to contribute to the growth of the knowledge-based economy which has been singled out by One NorthEast as a key area for investment."
Anyone wanting to find out about space at the park can contact Peter Bowes on 0191 515 2666 or email stpetersgate@sunderland.ac.uk. The St Peter's Gate website is at http://www.stpetersgate.co.uk
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