Welsh govt commits £2.5m to Anglesey science park
Bangor University’s M-SParc 2.0 will focus on sustainability by supporting companies innovating within the low-carbon space.
M-SParc 2.0 is the extension of the university’s M-SParc scheme, which was built by Willmott Dixon in 2018 and comprises 31,200 sq ft of office space and 23 laboratories. M-SParc sits off Junction 7 of the A55 in Gaerwen. The science park has a partnership with the Massachusetts Institute of Technology.
The Welsh government announced its support for the Anglesey science park earlier this month and will provide £2.5m to support the development of M-SParc 2.0.
Plans for an M-SParc sequel were announced in June. Like its predecessor, the M-SParc 2.0 will host a mix of office and lab space. The scheme is still in its development phase, so not many details have been released.
Welsh economy minister Vaughan Gething said that the Welsh government was “pleased” to financially support M-SParc 2.0.
“With this funding, M-SParc can expand further, create careers, and provide support to the companies based there,” Gething said.
Bangor University pro-vice-chancellor for research Paul Spencer also spoke about the need for the expansion.
“The university’s global reputation for research and innovation provides an opportunity to attract low-carbon businesses to our Science Park – M-SParc,” he said.
“Crucially, the development of the site will stimulate demand, fulfilling the long-term goal of cultivating a thriving business and research community that will benefit the entire region,” he continued.
“The science park’s growth plans are a positive step in providing a platform to further showcase the expertise and talents in the area whilst demonstrating a strong commitment to the economy of North Wales.”
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