The South East Local Enterprise Partnership (SELEP) has awarded the University of Essex a £5 million funding package from the Local Growth Fund (LGF) for Phase 3 of the Parkside Office Village project at its Knowledge Gateway research and technology park.
This latest phase will extend the highly successful Parkside Office Village to offer more space for businesses wanting to co-locate at the University’s Colchester Campus as an anchor tenant.
One of the purposes of the project is to help retain highly skilled workers within the local economy who would otherwise move away from the area after graduation. There are currently 25 businesses located at Parkside Office Village, collectively employing 270 people, 34 of whom are graduates or students of the University of Essex.
Image: University of Essex