Manchester-based science and tech focussed developer officially becomes 25% shareholder in company which operates Liverpool Science Park
The owners of Sciontec Liverpool have signed contracts making Bruntwood SciTech a 25% shareholder in the company, which operates Liverpool Science Park.
Bruntwood SciTech, a property provider focussed on the the science and technology sector, has a portfolio spanning Manchester, Leeds, Cheshire and Birmingham which includes more than 500 science and technology businesses.
Liverpool City Council, Liverpool John Moores University and the University of Liverpool announced that Bruntwood SciTech – a 50/50 joint venture between Bruntwood and Legal & General – had been shortlisted back in July 2019 and that this £12m deal would be a catalyst for growth within the science and tech sector in the Liverpool City Region.
Sciontec Liverpool is a spin-out company of KQ Liverpool, a strategic and placemaking organisation which is overseeing a £2bn development programme in the city’s first Mayoral Development Zone.
It is headed up by Colin Sinclair, who is Chief Exec of both Sciontec and KQ Liverpool.
Liverpool Science Park has also recently taken over the Facilities Management for Sensor City, as the first step in creating a shared service platform across all of Liverpool’s science and tech assets.
Mayor of Liverpool, Joe Anderson, said: “The coronavirus crisis has inflicted unprecedented change on all of us, however, innovation in health and science will be more important now than ever before.
“Playing to our existing strengths, and aligning them with wider government ambitions, will put us on the right track and by prioritising the health sector and knowledge economy we can begin to help our fantastic city to recover economically. It will be a long game – but we will come out of this better if we act quickly, with invention, positivity and vision.”
Phil Kemp, CEO of Bruntwood SciTech added: “Now more than ever the importance of the UK’s science and tech sector is firmly in the public’s consciousness.
“But what the current crisis has also shown is the importance of individual cities with the infrastructure, facilities and talent necessary to deal with short-term issues head-on and provide a base for long-term innovation and success.
“Liverpool has undergone significant regeneration in recent years and we’re proud to be part of Sciontec Liverpool, supporting the growth of the city’s science and tech sector”.