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Demand soars for space at Liverpool Science Park

  • ByEcho2015-09-06 16:27:00

Liverpool Science Park's laboratory and office space is 87% occupied – an occupancy figure that takes into account the third phase of the Mount Pleasant development opened just last year.

The high level of take up of space opens up the possibility that LSP, owned by Liverpool City Council and two universities, will seek to expand further in the near future. However it would need to acquire more land to do so.

LSP chief executive Chris Musson told the ECHO Business that just three labs and about 10,000 sq ft of office space remain to be let in the three buildings that form the 80,000 sq ft development in the shadow of the city’s Catholic cathedral.

Four labs in a building known as IC3, effectively an extension to the science park’s first building, have been let to house part of the consumer goods giant’s research and development activities that it undertakes in partnership with The University of Liverpool’s chemistry department.

As well as a wide range of IT and life science firms, LSP is home to Merseyside’s investment fund for small life science firms known as Spark Impact.

Mr Musson said: “Having access to Spark Impact and flexible space is a big draw.

"The whole knowledge quarter starting to work far better together. This being a Mayoral Development Zone, the key players are working together and give out a better message.

"We can make the city very successful by exploiting our brain power to make money. That’s what its all about.”

Mr Musson also said the science park will record its first profit in its 10-year history this year.

He added: “We have as many digital companies here as life science companies.

"Bringing bright people together increases the chances of success.

"If I was starting a company, the chance to meet equally bright people you can collaborate with and sell more to would be attractive.

"You can walk to Lime Street in eight minutes and we are two hours away from London.”

Mr Musson added that the prospects for the science park will improve further once the University of Liverpool’s Materials Innovation Centre along with the proposed Sensor City development at nearby Copperas Hill are up and running.

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