Science Park key to future of local economy

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Science Park key to future of local economy

The Science Park planned for the outskirts of Exeter is pivotal to the future of Devon's economy, according to County Councillor Humphrey Temperley.

Devon County Council's Executive announced its commitment to the scheme earlier this week, agreeing to invest in the development for a key regional centre for science and technology.

The proposals are a major element of the developments planned east of Exeter, which also includes the Cranbrook new community, Skypark, inter-modal freight terminal and upgrade of the airport.

Councillor Humphrey Temperley, Devon County Council Executive Member for Economic Regeneration, Strategic Planning and Regional Affairs, says the Science Park could also become a major contributor to the local economy in its own right.

Councillor Temperley said: "It's very important strategically for Devon to be delivering high value knowledge-based industries. The Science Park will offer that as well as providing a range of opportunities to allow businesses, like those from the University's Innovation Centre, to develop and grow. It sits very well with Skypark and the other developments planned east of Exeter.

"It's a long term investment and it will need a serious amount, but I think it's right that we re-invest capital receipts from the sale of Exeter Airport and from the Local Authority Business Growth Scheme, to make a difference to Devon long term. It's important we're involved in these early stages to help make a positive contribution to the growth of the economy around Exeter."

The vision of a Science Park was adopted in the Structure Plan "Devon to 2016" and will be located east of the M5 near Junction 29.

A business plan for the site is currently being drafted by an informal partnership between Devon County Council, the University of Exeter, the Met Office, East Devon District Council, Exeter City Council and the South West Regional Development Agency.

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