University of Leicester scientists have welcomed the Government’s decision to inject millions of pounds into developing space technologies in the city, following the award of a £19.5 million grant.
The University supported Leicester City Council’s bid for a share of the Government’s Levelling Up Fund, which is designed to finance long-term, significant low-carbon capital projects which create jobs, encourage new investment and enable businesses to grow.
The injection of cash will enable two related projects in and around Pioneer Park and Exploration Drive, off Abbey Lane including the development of land close to Space Park Leicester, providing an opportunity to expand the emerging space cluster in Leicester with high-quality production facilities for space and satellite technology organisations.
Already a base for Dock workspaces for high-tech industries, the money will be spent on the development of two more Dock-style buildings as well as nine high-quality manufacturing spaces totalling 4,000 square metres.
