MSP delivers another year of ‘strong performance’

Bright Building

Science and technology parks operator Manchester Science Partnerships (MSP) has hailed another year of ‘strong performance’.

The company’s accounts for the year to September, 2017 show a 10% increase in the group’s net worth to £58.3m.

The year saw the completion and launch in September, 2017 of the Bright Building, at Manchester Science Park.

It is now home to the headquarters of Innovate UK’s £17m Internet of Things smart city demonstrator project – CityVerve, Mi-IDEA – Cisco and MSP’s post-accelerator centre, NorthWest EHealth, Ricardo, and EvoSoft.

Chief executive Chris Oglesby said: “MSP’s strengths in supporting tech businesses continues to grow, with a cluster of over 80 technology companies now based on our campuses, and our Oxford Road Corridor operations recognised as a TMT sector hotspot for over 1,500 digital jobs.

“MSP’s unique ownership structure and relationship with the city, alongside our comprehensive programme of business support, gives us the opportunity to play a pivotal role in delivering growth and high value jobs in the tech sector and wider knowledge economy.

“We believe in the power of partnerships, people and place over just bricks and mortar, and look forward to opening our Tech Incubator at Circle Square in May 2018.”

More than 300 companies within the life science, health-tech, biotech, ICT, digital and creative sectors are now based across MSP’s campuses and this will continue to grow in line with expansion plans for all three campuses, the company said.

Oglesby added: “2018 is going to be another exciting year for MSP with construction due to commence on Citylabs 2.0 in October.”