St. Modwen has secured full occupancy of its 44,000 sq ft Innovation Centre at Evolution Park, Blackburn, just nine months after officially launching the scheme to the marketplace.
In addition to Blackburn with Darwen PCT, which has 9,748 sq ft of space on a five year lease at the site, and Blackburn with Darwen Borough Council, smaller suites have been taken up by companies including management consultancy Alchemy Business Acceleration; Blue Door Solutions and Circino Flight Systems.
Aimed at growing enterprises in the medical and technology sectors, the centre is the first phase of the £25m Evolution Park scheme, which will include 223,000 sq ft of office and employment space.
The centre, located next to the Royal Blackburn Hospital, offers fully-fitted suites from 90 sq ft upwards.
Richard Bakes, development manager at St. Modwen, said: "Because of the waiting list of interested companies wanting these facilities, we are progressing proposals to extend into the adjacent Fusion House. There is also an additional 8 acres available where buildings can be provided tailored to occupiers needs, and we are already discussing proposals with a number of companies on this basis.
"In addition to the strong take up of space, we are also experiencing high levels of demand, from organisations across the area, for the meeting and conference rooms which are available to hire."
Carl Allen, managing director of Alchemy Business Acceleration, added: "The centre provides an extremely cost effective solution for start-up businesses. It provides friendly admin support, meeting facilities and serviced offices all built into the cost. I have already seen a saving of around £10,000 a year, which has made an impact on my profits."