Plans for next phase of Wolverhampton's Green Innovation Corridor to go before council's cabinet
Wolverhampton Council is set to approve plans to enable the delivery of future projects as part of the city’s pioneering Green Innovation Corridor (GIC).
The GIC connects key assets at the University of Wolverhampton’s Springfield Campus, Science Park, and the i54 advanced manufacturing business park – the country’s most successful Enterprise Zone.
It will introduce new commercial and business opportunities for development, incubation space, grow-on space for SMEs and space for larger use – to help to create and safeguard jobs for local people.
The GIC has already secured £20 million Local Regeneration Fund (LRF) capital funding from the Government plus £7 million through West Midlands Investment Zone status, to help unlock transformational business support and skills programmes.
The council’s cabinet will meet on Wednesday, December 10, to agree a plan that will see the LRF grant assigned to projects managed by the university and the council. It will support the further development and expansion of the university’s facilities at the Springfield Campus to maximise opportunities for research and development, commercialisation and collaboration and engagement with businesses in the fields of engineering and construction.
