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Projects

Discovery Park Incubator

Categories

Approval status

 

Fully approved

Delivery status

 

Design in progress

Expected completion date

 

Summer 2022

​The Discovery Park Incubator project will deliver flexible, collaborative workspace in which life science start-ups and SME’s can establish their operations and grow as part of an innovative community.

The project involves the refurbishment of two floors within the East Block of Building 500 at Discovery Park, to provide around 30,000 sqft of net lettable incubator space. The new facility will include self-contained laboratory units, informal breakout and café space and shared lab support facilities.

As well as additional physical space and high-quality facilities, the Incubator will also offer a package of innovation support to tenants, encouraging collaboration between firms at Discovery Park and with higher education, and linking new and emerging businesses with the access to investment, skills and partners that they need to thrive.  

At the Accountability Board on 11 February 2022 it was agreed that GBF funding can be retained against the Project beyond 31 March 2022 for a maximum period of 6 months.

Project Outputs
Jobs created/safeguarded 75
R&D facilities floorspace unlocked (sq m) 2,860

£85m of investment to East Sussex, Essex, Kent, Medway, Southend and Thurrock

The Getting Building Fund focuses on projects that can progress quickly and that will stimulate and better integrate economies in some of the most economically impacted and COVID-affected parts of the South East.

£85m of Getting Building Fund investment has been secured, enabling delivery of 34 projects across East Sussex, Essex, Kent, Medway, Southend and Thurrock.

Find out more here 

Funding value: £2,500,000
Total Project cost: £5,500,000
Return to Capital Investment