Discovery Park to double jobs over the next decade

News Posted 17/11/22
As it celebrates a decade of delivering jobs and investment in the South East, science and innovation park Discovery Park has announced that it plans to grow and double the number of people employed on site.

Discovery Park, based near Sandwich, marked the milestone by revealing its plans for the next ten years, which include the creation of a national centre of excellence for neuroscience, alongside life sciences, agri-tech and renewable energy technologies.

The celebrations coincided with Discovery Park hosting ‘Biotech unplugged: From cell to software’, which highlighted the move towards data-driven healthcare.

The major event, involving experts from Google, Huma, Pfizer and SomX, focused on how the emergence of TechBio is speeding up innovation and collaboration across academia and industry.

Mayer Schreiber, CEO of Discovery Park, said: “Already home to firms employing more than 3,500 people, we are confident that, thanks to our continued investment in the park, including our new life sciences incubator building, we can attract more world-class businesses.

“I’m very excited by our plans for the future, working in partnership with tenants, local and national government.

“Within our existing building footprint, we have the space and infrastructure to double the number of jobs on site within the next 10 years.”

Over the last decade, Discovery Park has become nationally recognised as a Life Sciences Opportunities Zone, with its community of high-growth companies driving growth and creating jobs.

The Park is currently completing the fit-out of a multi-million-pound life sciences incubator. When finished, it will offer 50,000 sq ft of laboratory and office space for startups and early-stage companies, including biotech, medtech and digital health firms. The investment by Discovery Park was matched by £2.5m from the government’s Getting Building Fund.

As well as providing access to specialist facilities and high-quality offices, tenants will soon be able to benefit from the business support offered by Barclays Eagle Lab, which will open later this year.

The plans also include the expansion of Discovery Park Ventures, its venture capital fund designed to support the growth of early-stage companies and disruptive technologies, which has announced its first three investments, with more expected shortly.

Mayer added: “As we celebrate our first decade, a big thank you must go to Kent County Council, South East Local Enterprise Partnership and district councils, who continue to be very supportive partners.

“In addition, we have been able to foster strong partnerships with the county’s Further and Higher Education community and nurture the STEM skills needed to support our tenants.”

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