£20m Menai Science Park officially open

Gaerwen’s new £20 million science park – the first of its kind in Wales – has been officially opened by the First Minister.

Eleven companies have moved into the Menai Science Park (M-SParc), run by Bangor University – a 5000 square feet complex including state of the art laboratories, workshops and office space. Around a hundered jobs have been created at the site.

M-SParc say its vision for the next thirty years is based on creating highly skilled jobs for local people and an economic hub for key sectors including low carbon, energy & environment and IT.

Officially opening the site during his visit to Anglesey on Thursday, Carwyn Jones said: ”It is great to see local businesses and companies from further afield choosing M-SParc as their business base. It is a facility that is full of energy and innovation, supported by an enthusiastic team who work with tenants to help their businesses grow.”

”The science park offers a unique mix of business support, commercial expertise and academic support. I look forward to this successful combination continuing to bring more top companies and well paid jobs to North Wales.”

M-SParc’s new managing director Pryderi ap Rhisiart, who took over from Ieuan Wyn Jones earlier this month, said: ”We want to attract the brightest and the best from the region – that’s what M-SParc is all about. At the moment, Wales loses companies who outgrow their facilities, and have to go across the border to relocate, M-SParc aims to stop this.”

”Many of the businesses are local, but we also have some inward investment, and some new companies who are establishing themselves on M-SParc.”

Most of the firms based at the park are from north-west Wales – with the biggest tenant, Loyalty Logistix, bringing over fifty jobs from its former base in Bangor. Other tenants on-site include Ambionics, a start-up firm from Menai Bridge creating prosthetic arms for children, and Irish company FarmLab Diagnostics, which provides testing services.

Bangor University vice chancellor Professor John G. Hughes said: ”We work together with companies to ensure spin-outs and commercial research from the University can find a home at M-SParc. It is encouraging to see the uptake this early on, and the aim now will be to continue to support companies based at M-SParc, and encourage graduates to see that there are prospects in North Wales, and high-level jobs are being created in the region.”

Earlier, the First Minister visited Holyhead Marina to announce Anglesey Council would receive £100,000 of Welsh Government funding towards the cost of the cleanup operation following Storm Emma.

MônFM

Eich Gorsaf, Eich Llais / Your Station, Your Voice