Business is buoyant at York Science Park

Business is buoyant at York Science Park

Business is buoyant at York Science Park after new research showed approximately 75% of businesses at the park reported a rise in turnover last year.

The latest United Kingdom Science Park Association (UKSPA) Survey also shows 36% of its tenants are looking to increase staffing levels in the near future as confidence rises.

This success has also been recognised overseas with 21% of firms exporting between 5 and 60% of their products andor services and 13% having another office overseas. 

Firms are also continuing to innovate as further results revealed that a high percentage of businesses had also introduced a new product or service in the past year.

This was shown by 27% being involved in the design of new products and 28% involved in some form of research and development. 

Tracey Smith, chief executive officer at York Science Park, said: “These results emanate success and growth and the clear evidence of expansion, both current and planned, supporting the claim that business is buoyant in the innovation sector.

“Our specialist facilities, which include the Innovation, Bio and IT Centres, The Catalyst, Springboard start up space and Enterprise House grow on space, create the perfect environment for IT, Bio, Digital Media, Film and TV Production and knowledge based businesses to grow, helping to ensure that the UK remains ahead of global competition and delivers the maximum contribution.”

The number of companies working in digital media at the park increased by 28% and those working in environmental research increased by an impressive 71%. 

The UKSPA Survey is part of a programme of reports compiled by York Science Park to provide an overview of activity on the park and help it plan for the future.