Page last updated at 08:51 GMT, Wednesday, 27 January 2010

Fund of 5m creates 300 science jobs in Norfolk

Computer model of DNA structure
New laboratories are designed to attract scientific research firms

Thirty new laboratories and offices for 300 research scientists are to be built in Norfolk with a £5m investment fund.

The new development is on land donated by the Biotechnology and Biological Sciences Research Council (BBSRC) at Norwich Research Park.

The aim is to attract new science companies and is the first stage of a plan to create up to 5,000 jobs in research by 2021.

There will also be space for new start-ups and for existing firms to expand.

BBSRC will provide £500,000, the East of England Development Agency £1.4m, Greater Norwich Development Partnership £1m, the University of East Anglia £500,000 and the remainder will come from other Norwich Research Park partners.

The new facilities, due to open in the summer, will be managed by a new joint venture company Colney Innovations Limited.

David Parfrey, BBSRC director of finance and director of Colney Innovations Limited, said: "Within one kilometre of this facility, there are no fewer than 2,700 research scientists focussed on health, food and environmental sciences - a unique resource in this country.

"By 2021, we plan to create the facilities for 5,000 new science-related jobs on Norwich Research Park which will make Norfolk one of the world's largest single-site scientific research centres."

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