A leading Midlands science park is playing a key role in helping hundreds of innovative businesses develop, grow and thrive, a report has revealed.
The University of Warwick Science Park has released its Impact Report for 2023/24, showing the positive effects its work is having on its tenants, students from the university, and the regional economy as a whole.
The Impact Report shows occupancy has risen by eight per cent across its sites at the University of Warwick, the Warwick Innovation Centre, the Business Innovation Centre in Binley, and Blythe Valley Innovation Centre near Solihull.
Now, 152 businesses call the Science Park home, with 16 of these having come through the Science Park’s Ignite incubator programme which gives start-ups flexible and affordable space, as well as tailored advice.
The report also revealed the Science Park helped companies raise £11.2m in equity, grants and debt, allowing them to take the next step in their growth, while its many business support services reached 890 companies, helping to create 153 jobs.
Mark Tock, Chief Operations Officer at the University of Warwick Science Park, said: “It’s fantastic to see the continuing impact the Science Park is having on company growth and the economy as a whole.
“The figures in the Impact Report for the last financial year are testament to the hard work of all of our staff here.
“As we mark yet more milestones in 2025, such as the University of Warwick’s 60th anniversary, we are well placed to help even more companies with bright ideas access great space, talent, and finances, allowing them to thrive and make meaningful contributions to the economy.”
Professor Stuart Croft, Vice-Chancellor and President of The University of Warwick, added: “The University of Warwick Science Park plays an integral role in growing innovative companies, with the extensive business support and the excellent facilities it provides.
“The University plays a key role in regional leadership, and this is one way in which are helping the local, regional and national economy to grow. “
