Inspiring Business by Sharing Success

Space for Growth event highlights stellar development opportunities

Sir John Peace, Chair of the Midlands Engine, revealed how investment opportunities will support our local and regional economy to thrive at the Leicester: Space for Growth event earlier this week.

Speaking at the event, held at the National Space Centre, Sir John took part in a panel discussion highlighting how Leicester and Leicestershire’s future growth opportunities can only be realised through the public and private sectors working together to promote our strengths and ambitions on both a national and international stage.

Sir John was joined by Sir Peter Soulsby, City Mayor, Leicester City Council, Councillor Blake Pain, Leicestershire County Council and Professor Paul Boyle, Vice-Chancellor at the University of Leicester.

The audience heard how one of our key local developments, Space Park Leicester, will play a major role in boosting growth and how the Midlands UK and Team Leicester are promoting Leicester and Leicestershire on the world stage at MIPIM 2019, which will take place at Cannes in France on 12-15 March.

Sir John Peace, Chair of the Midlands Engine, said:

“The Leicester and Leicestershire region is a huge asset to the Midlands Engine. With a solid manufacturing base, and exciting new developments in fields such as life sciences and engineering, the region is an attractive prospect for businesses at home and abroad.

“There are opportunities for business in the region across all sectors, and by working together we can secure prosperity in the Midlands for years to come.”

The panel discussion was followed by presentations about the opportunities in the Space sector and at MIPIM 2019.

Professor Paul Monks from the University of Leicester said: “Growth in the space sector is predicted to grow by 80% to £400m by 2030.  The UK is planning to capture 10% of the market.

“In Leicester we are developing Space Park Leicester to become a global hub and collaborative community for business, researchers and academia based on space and space enabled technologies.

“The University of Leicester is building on nearly 60 years of sending instrumentation in to space and we already host the biggest group of space scientists in Europe that will move to Space Park Leicester in the future.

“There are developing new markets for high volume, low cost satellite systems so we are also planning a factory to enhance our capacity to make, launch and collect data from these satellite systems. In addition we will build small business incubator space for 40 companies, business grow on space for 100 companies and the facilities to train future generations in the skills needed for the space sector.“

The event concluded with an overview of how businesses can get involved with MIPIM 2019 to promote themselves internationally and meet with potential investors.

Richard Osborn, Midlands Regional Office Head for law firm Weightmans LLP and Director of Team Leicester, the private/public partnership leading local representation in Cannes, hosted the event.  Richard commented:

“MIPIM is a unique annual opportunity for the public and private sector to work together on a global stage, showcasing the very best of what Leicester and Leicestershire and its businesses have to offer.

“Leicester Business Festival is the perfect platform to launch Team Leicester’s 2019 MIPIM campaign, Space for Growth, which will promote our local development opportunities including work space, office space and living space though involvement with both the Midlands UK and our own events in Cannes”

Any business that would like to find out how they can benefit from being part of Team Leicester should contact Rob McGuinn, Chair of Team Leicester on 0116 2548951 or email [email protected]

The Leicester; Space for Growth event was organised by the Leicester and Leicestershire Enterprise Partnership (LLEP), on behalf of Team Leicester, as part of Leicester Business Festival.  The LLEP has allocated £7.88 million from the Local Growth Fund to support the development of Space Park Leicester.

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