Involving the development of a new Enterprise and Science Park in Newport, this is £9.2m project which includes £6.3m from Local Growth Fund.
The Newport Innovation and Enterprise package (Ni.Park) started on site in December 2019 and will create serviced employment land including an Agri-Tech Enterprise and Science Park with direct links to Harper Adams University’s innovation facilities.
It will attract investment from high-tech businesses, stimulating complementary research and development activities.
It will also encourage supply chain growth across a wide range of companies engaged in new agricultural technologies and with links to Telford’s strong advanced manufacturing sector.
£7.4million Growth Deal 3 investment
Creates serviced employment land including an Agri-Tech Enterprise and Science Park
Aims to create 954 jobs and 1,070 new houses
The Park has been recognised and promoted by the Department for International Trade as a ‘high potential opportunity’ area to international agri-tech and agri-food businesses looking to invest in the UK.
In 2019 the project was awarded an additional £1.036million Local Growth Funding, increasing the total funding to £7.4m reflecting the project’s original allocation.
The package will kickstart delivery of more than 1,000 essential new houses including starter homes in the Newport area – a key element of the Marches contribution to meeting government housing priorities. The package also aims to create 954 jobs and should be fully completed by 2021.
Strategic off-site highway improvements (including to the A41 and A518 transport corridors) and sustainable transport measures will also be implemented to connect Ni.Park with Newport town centre, and support new housing development.