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High-flyers attracted to multi-million tech complex in Lincoln

Thursday, 11 May 2017

High-flyers attracted to multi-million tech complex in Lincoln

Just nine weeks after opening its doors a £6.8 million tech complex in Lincoln is already more than a third let!

The Boole Technology Centre, which is at the heart of the Lincoln Science and Innovation Park, on Beevor Street, is attracting strong interest.  Four of its 22 units have already been snapped-up, with five more due to move in shortly.

Science Park Director Tom Blount and letting agent PAI member Banks Long & Co are delighted that the purpose-built centre – tailored to the needs of established and growing technology businesses – is already proving its value, promising to supercharge Lincolnshire’s growth.

Units, which average 800 square feet in size, are attracting a variety of innovative, laboratory-based, aerospace, IT, digital, phamaceutical and related businesses. They also have the opportunity to tap into high-end research facilities in the neighbouring Joseph Banks laboratories. 

“We have only been open for a matter of weeks and we are already about 35% full. Given that we are looking for a very particular type of tenant, working within the science and technology fields, we are very pleased with that response,” said Mr Blount. 

The first four tenants to take space in the Boole Technology Centre include Nutrapharma Limited.  The firm, which is a developer of new technology in the field of neutracuticals – including vitamin supplements – is fitting out bespoke laboratories in the building. 

They are already engaged in new product development with the University of Lincoln scientists working in the adjacent Joseph Banks Laboratories, also on Lincoln Science and Innovation Park.

Tenant and cyber security specialist Krypto Kloud is working to help defend its clients from Internet-based risks.  Software developer Tenantia, also working in the field of risk management, offers cloud-based services to help housing providers engage with their residents.  

Also in the building is Metis Aerospace, whose client base includes prisons that can use their product and services to help guard against the smuggling of contraband into jails. 

Waiting in the wings are several other tenants who have recently signed agreements with the Science Park, including a business working in the field of agricultural biotechnology that needs a Category 2 laboratory. 

“We are also about to start fitting out a laboratory for a firm engaged in the petro-chem processing field and an office for an engineering business working in the aeronautic field,” said Mr Blount. 

“With the SME sector firmly seen as the producity driver of UK supply chains, as well as a source of bright ideas, the Boole Technology Centre is providing a place which can significantly improve Lincolnshire’s perfromance in Research and Development and the opportunities that flow from that.”

Banks Long & Co Director William Wall said: “The Boole Technology Centre is a valuable resource for the city and county, providing accommodation for ambitious existing and new high-growth businesses. 

“Being able to move into flexible, premium office and laboratory space in the centre of the city means they have a great platform from which to serve the local, national and world markets. The developmment is also played an important in retaining specialist skills in Lincolnshire.

“We expect to announce exciting plans for the next phase of Lincoln Science and Innovation Park in the coming months,” added Mr Wall.