Work on North Wales science park begins
Work on the first ever dedicated science park in Wales officially started on Monday when Economy Secretary Ken Skates visited the complex.
The Menai Science Mark is a project to boost innovation and technology in Wales. More than £20 million of Welsh Government and EU funding has been allocated to the development.
When the park opens its doors in 2018, it’ll kickstart a technological revolution within the boundaries of the Anglesey Enterprise Zone and create jobs for the Welsh economy.
Although the project is still in the early stages, it’ll provide high-quality office and laboratory facilities for some of the country’s most innovative businesses, entrepreneurs and professionals.
The aim of the park is to bring significant economic, scientific and technological benefits to North Wales, replicating the success of the technology scene in the south.
There will be a focus on sectors such as low carbon and renewable energy, as well as academic and business partnerships that have the potential to grow North Wales’s knowledge economy.
Ken Skates, speaking ahead of the opening of the development site, said: “It is great to see the progress being made at the Menai Science Park, which is being supported by over £20m of Welsh Government and EU funding.
“The Science Park is the first of its kind in Wales, and once up and running I am confident it will offer huge benefits to the North Wales region.
“M-SParc’s focus on low carbon and renewable energy sectors will complement the work already being undertaken by the Energy Island Initiative and the Anglesey Enterprise Zone and will help local businesses more widely to create jobs and achieve sustainable economic growth.
“Its development has the potential to bring real economic benefits to Anglesey and the North Wales region more widely and I look forward to the Park opening its door in 2018.”
Ieuan Wyn Jones, executive director of the project, said there’s already a lot of demand for the science park and his team is going through the process of signing up tenants.
“It has taken a lot of hard work to get to this point, and we’re pleased to see the work beginning on site,” he said in a statement.
“Behind the scenes, work has been ongoing to secure tenants, and we already have a number of companies signed up as Virtual Tenants.
“We are proud to be offering a range of business support services to these companies, most of who are already based in the region, and can state that the demand is there for a Science Park in the region.”