News - 15 July 2016

Expansion is Signature Move for Nottingham Life Science Firm

A Nottingham-based researcher of new medicines have applied for grant funding which could help to increase their current workforce by up to 30%.

Sygnature Discovery, based at Biocity Nottingham, provides research and expertise into new medicines and are the UK’s number one provider of this service. The Nottingham firm recently applied for a grant from the N2 Growth Fund – set up to help businesses in the Nottingham and Nottinghamshire area with investment in capital projects and research & development and new technologies which lead to business growth and the creation of new jobs. Sygnature successfully applied for a grant of £190,000 from this fund, which it will use to purchase new pieces of analytical equipment and increase its current workforce by a third.

Another part of Sygnature’s future plans include occupying 60% (30,000 sq.ft.) of a new 50,000 sq. ft. extension (artist’s impression, pictured), which is set to open in early 2017. The brand new, five-storey, state-of-the-art facility is an expansion of the highly successful BioCity Nottingham complex, and will be operated by BioCity Group Ltd. Nottingham City Council successfully applied to D2N2 – the Local Enterprise Partnership (LEP) for Nottinghamshire and Derbyshire – for £6.5m from its Local Growth Fund towards the overall costs of the scheme, with the remaining costs funded by the council.

D2N2 works across its area, with businesses, local councils, skills and training providers and community and voluntary organisations to grow the Derbyshire and Nottinghamshire economy, with the aim of creating 55,000 new jobs in ten years (2013-2023) across its eight key sectors – one of which is life sciences. As part of this mission, D2N2 receives a portion of Local Growth Funding (LGF), which can be used for projects in its area which will help create jobs, boost the economy and attract external investment. D2N2 has an LGF allocation of £192million, and this has been used across a number of projects in its area, including the Biocity Nottingham extension and the University Centre at Vision West Nottinghamshire College in Nottinghamshire, and the Seymour Link Road and Chesterfield Centre for Higher Level Skills in Derbyshire.

Commenting on the Biocity extension, David Ralph, Chief Executive for the D2N2 Local Enterprise Partnership, said: “Nottingham has seen a boom in the life sciences sector over the last decade and it now needs room to develop further.

“The D2N2 LEP is committed to aiding the growth of its eight key economic sectors, including life sciences, which is why we were happy to invest £6.5million in this major project, put forward by our local authority partner Nottingham City Council.”

For more information on D2N2’s Local Growth Fund, click here

For more information on Biocity Nottingham, click here

For more information on the above release, please contact Sam Burbage, Social Media and Marketing Officer at the D2N2 LEP, on 01159 578 254, or by email: sam.burbage@d2n2lep.org  

Latest News & Events

21 June 2024

Spotlight on our Board: Scott Knowles, Chief Executive, East Midlands Chamber, on the D2N2 LEP transition and East Midlands devolution

Read Article

11 June 2024

The D2N2 LEP staff team joins the East Midlands Combined County Authority (EMCCA)

Read Article

07 June 2024

Becky Rix, Marketing Director at Roadgas, explains why Roadgas is a proud member of the East Midlands Hydrogen Consortium

Read Article

05 June 2024

Spotlight on our Board: D2N2 LEP Board Member Natasha Johnson, Director of Partnerships at Global Entrepreneurs UK

Read Article

05 June 2024

Free Expert Business Advice and Support available through East Midlands Chamber’s Accelerator Programme

Read Article

03 June 2024

Spotlight on our Board: D2N2 LEP Board Member Professor Edward Peck CBE, Vice-Chancellor and President, Nottingham Trent University

Read Article

24 May 2024

Focus on the East Midlands: our time is NOW!

Read Article

24 May 2024

D2N2 LEP CEO, Will Morlidge, shares our East Midlands Hydrogen ambitions at UKREiiF

Read Article

24 May 2024

East Midlands Freeport and Freeport East Sign Green Freight Corridor Initiative at UKREiiF

Read Article

23 May 2024

D2N2 LEP Chair, Elizabeth Fagan, launches £8m Early Stage Angel Investment Fund at UKREiiF

Read Article

Get in touch.

Subscribe to our newsletter

Sign up
Address

D2N2 Local Enterprise Partnership
8 Experian Way
Nottingham
Nottinghamshire
NG2 1EP

Social

Our Partners