26 Apr 2021
Exeter Science Park
Exeter Science Park is a centre of excellence for science, technology, engineering, maths and medical – or STEMM – businesses, providing them with the space, support and skills for success. It is the result of an exciting vision for the future of Exeter and the South West, bringing high value jobs, enhanced productivity and economic growth to the region, and helps innovative STEMM companies to deliver extraordinary growth.
Since the opening of the 30,000 square foot flagship Science Park Centre in 2015, Exeter Science Park has been at the forefront growth and technology. The Lamarr, Newton and Turing buildings opened in 2019, offering space for growing companies, some of which progressed from the Science Park Centre.
The Ada Lovelace Building, due for completion in Spring 2021, will provide 20,000 square feet of high-quality office and laboratory space for SMEs, and funding has been secured to develop a ‘Grow-Out’ Building, offering flexible office and laboratory space.
The campus is also home to the Met Office’s £97 million High Performance Supercomputer, and The Environmental Futures & Big Data Impact Lab, opened to provide deep technical assistance to help businesses develop products, services and processes. The University of Exeter’s pioneering VSimulators experimental facility opened on site in 2020.
The Park not only provides state-of-the-art office and laboratory space for fast-growth STEMM businesses, but also to start-ups. SETsquared Exeter provide business acceleration services to clients at all stages of development. These services include access to Experts in Residence, business mentors, networks, and a range of events, workshops and seminars.
Exeter Science Park’s location, layout and infrastructure all contribute to its status, located strategically at the intersection of the South West’s major north-south (M5 and A38/A380) and east-west (A30) roads, within three miles of Exeter International Airport and within 5 miles of Exeter St David’s mainline railway station.
Exeter itself has one of the fastest growing economies in the UK, growing faster than anywhere else in the South West during the second quarter of 2019, according to the UK Powerhouse report by Irwin Mitchell and the Centre for Economic and Business Research (Cebr)*. This achievement, outperforming many other cities, firmly cements Exeter as a place for positive evolution.
Contributing to this, projections for Exeter Science Park forecast a seven-fold growth over the next 15 years, taking tenant employee numbers to 3,500 by 2035.
At its core, Exeter Science Park has not only exponentially contributed to the economic growth of Exeter, but it continues to nurture the output of talent in the STEMM sector, joining academia and industry, creativity and talent.
* Source: news.exeter.gov.uk/exeter-has-one-of-the-fastest-growing-economies-in-the-country/