Space Park Leicester Generates £73 Million Annually for the UK Economy
By Business Correspondent
Space Park Leicester, the UK’s second-largest space innovation campus, is generating £73 million of goods and services for the economy annually, according to its latest annual review.
The University of Leicester’s £100 million research, innovation and teaching hub is home to more than 25 organisations and supports over 400 jobs.
Its community also secured a record £19.7 million in space research funding last year.
Highlights include Leicester’s contribution to the European Space Agency’s SMILE mission, which will provide the first-ever X-ray observations of Earth’s magnetic field, alongside research into planetary exploration, satellite technology and space-based artificial intelligence.
Space Park Leicester CEO Will Wells said:
“The past year has seen significant progress for Space Park Leicester.”
He added that the campus was helping turn research excellence into “businesses, investment, jobs and productivity”, while strengthening Leicester’s national and international reputation.
Other achievements include the continued development of the £10 million Leverhulme Centre for Humanity and Space, more than €2 million in European Research Council funding for research using the James Webb Space Telescope, and Leicester scientists contributing to experiments aboard the International Space Station.
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Leicester City Mayor Sir Peter Soulsby said Space Park Leicester had become “a powerful engine for economic growth in our city”, bringing together researchers, businesses and international partners.
Over the coming year, the campus plans to expand its research, business community and international partnerships, while developing educational opportunities, student placements and graduate opportunities.
Find out more by visiting the Space Park Leicester website.
