Eleven companies have signed up to move to Gaerwen’s new £20 million science park.
Menai Science Park, or M-SParc, is set to open early in the New Year – with the Bangor University-owned facility set to bring around a hundred jobs.
Most of the firms are based in north west Wales – with the biggest tenant, Loyalty Logistix, bringing over fifty jobs from its current base in Bangor. The company provides data intelligence services for the automobile industry.
Other tenants on-site will include Ambionics, a start-up firm from Menai Bridge creating prosthetic arms for children, and Irish company FarmLab Diagnostics, which provides testing services.
Anglesey-based web design firm HET creadigol will be joined by Caernarfon-based mobile mapping developers Geosho and electronic audit trail specialists Papertrail from Llanfairfechan.
M-SParc chiefs say the facility will open with a over a third of the building in use against a set target of 15% occupancy for the first year. Many of the companies are linked to Bangor University and will be offered support packages to help their businesses grow.
Park director Ieuan Wyn Jones said: ”We set ambitious but realistic targets for tenants coming in on day one, but it’s very pleasing to have exceeded those targets by some margin. Our goal is to help companies grow and we needed to ensure we had the physical space for them to do this within the building. The demand has always been there, but as interest in M-SParc grew so did the demand.
”It’s heartening to see many of the companies being local to the region, as well as some inward investment, and also to be able to help very new companies in a supportive environment where Business Support is part and parcel of what we offer.”
The vice chancellor of Bangor University, Professor John G Hughes said on Wednesday: ”The new science park is already providing a great opportunity for local people and companies to establish themselves in the area and to benefit from world-leading expertise within the university. I am delighted with the progress made so far, and I look forward to seeing it go from strength to strength as it creates new opportunities and jobs in the region.”
The M-SParc project is being partly funded by a European development grant through the Welsh Government.