LONDON Yorkshire Forward is to build a £9.75million Innovation and Technology Centre in South Yorkshire to act as a creative epicentre for the region's advanced engineering and metals industries.
The 'Accelerator' building will be the focal point of reference on the Advanced Manufacturing Park (AMP) at Waverley, in Rotherham, which is being developed to provide a hub for the advanced manufacturing technologies industry. Waverley is an ex-coalfield site that has been brought to development status through a joint venture between Yorkshire Forward and UK COAL.
The three-story Accelerator will provide conference facilities, meeting rooms, exhibition space and café areas. It will also provide leased space for companies that are keen to participate in the AMP prior to committing further investment in their own facilities. Smaller companies might be interested in managed units with business support and mentoring on hand.
Subject to planning permission, construction could start in May 2005 and be available for occupancy before the end of the first quarter of 2006 or sooner to satisfy preliminary market demand for this purpose-built facility.