Published: 7th Jan 2019

East Devon District Council has agreed to invest £1.1m in a new building at Exeter Science Park, which will create 158 ‘high-value’ jobs and boost the local economy. The new building will offer 20,000 square feet of space under one roof for growing small and medium-sized enterprises (SMEs) in science, technology, engineering, maths and medicine (STEMM) sectors. According to the council, the funding for the building has been raised against future business rates income from the growing list of businesses seeking to establish offices and laboratories alongside leading regional science and tech companies already based at Exeter Science Park. ‘The Exeter and East Devon Enterprise Zone is a significant and strategically important development site for the area, with the potential to create over 10,000 jobs,’ said council leader, Ian Thomas. ‘This investment will bring forward the opportunity for up to 158 high-value jobs in the Open Innovation Building for local people … (To read the full article, subscribe below)