Cash Fund for Leicester Space Technology

The UK Government to inject millions of pounds into a project that will see the development of space technologies in Leicester.

08:33 16 November 2021

The University of Leicester has welcomed the UK Government's move to inject millions of pounds in support of a scheme that will see the development of space technologies in Leicester. 

 

Leicester City Council has succeeded in its bid for a share of the Government's Levelling Up Fund. The new funding will be used for the deployment of low-carbon capital projects that will see the creation of new jobs and further growth in local businesses. 

 

William Wells, Head of Research & Enterprise Partnerships at the University of Leicester, said: “It is fantastic news that Leicester City Council’s bid for funding for the Pioneer Park scheme has been successful and we were delighted to have provided our assistance.

 

“Leicester has been involved in space research for more than 60 years and with the recent opening of Space Park Leicester and now the further development of Pioneer Park, Leicester is well and truly on the map as a key place to be for forward-thinking, high-end technology and space science businesses.”

 

Leicester City Mayor Peter Soulsby commented: “I’m delighted that the city’s bid for funding for the Pioneer Park scheme has been successful. The area is also home to some very forward-thinking, high-end technology and space science businesses, so being able to retain and develop that sector is a key part of the city’s post-Covid economic recovery.

 

“Schemes such as this will ensure there are opportunities for skilled employment, meaning we retain skilled workers, develop high-manufacturing facilities and build on our reputation as a place which has much to offer businesses, and with good transport links to the rest of the region.”