Research & Development
Green Innovation Corridor Wolverhampton
Wolverhampton’s Green Innovation Corridor (GIC) will connect key assets at the University of Wolverhampton’s Springfield Campus with University of Wolverhampton Science Park, the city centre and potentially further north to i54 Business Park. It will introduce new development opportunities, and incubation space stimulating further regeneration and improvements to the city’s green and blue networks.
The Green Innovation Corridor will support the growth of new green industries, turbocharging economic prosperity and closing the productivity gap. It will
address the need for nurturing and mentoring new entrepreneurs, supporting new business start-ups, scaling up, and developing new products and services – aligning to Wolverhampton’s existing strengths in high value manufacturing, green technologies, digital innovation and brownfield land regeneration. Development activity on a phased basis will focus on vacant and underutilised land at the University of Wolverhampton Springfield Campus and University of Wolverhampton Science Park and surrounding areas.
• The GIC first phase proposes a further 11,148m² of commercial innovation floorspace over three discrete units designed to highly sustainable credentials
• A Centre of Excellence for Advanced Manufacturing & Digital Innovation is proposed, comprising of incubator space and start-up units as a hub of digital economy and aerospace
• The Green Innovation Corridor will overall deliver 22,762m² of new commercial and incubator space, create 1,220 jobs, and regenerate 2.32 hectares for mixed use development on 3.96 hectares of brownfield land.
Why invest in Wolverhampton?
Wolverhampton has been backed by the UK Government in February’s Levelling Up White Paper to continue to deliver even more ambitious regeneration projects across the city. This is a strong endorsement of the work of the City of Wolverhampton Council who have an impressive track record of delivery in partnership with a range of public and private sector organisations.
With £4.4 billion worth of investment on site or planned, the face of our city is changing through the creation of a wealth of attractive opportunities for developers and investors. Prime examples of this collaborative working are the award-winning £1 billion i54 business park, the £150 million Interchange transport hub, the £17.5 million National Brownfield Institute at the University of Wolverhampton’s Springfield Campus and the
£16 million construction of the i9 office complex – now home to the Department for Levelling Up, Homes and Communities’ second headquarters.
With 10,000 new homes planned, the potential for another 1 million square foot of office space, opportunities in retail, leisure and hospitality and an enviable portfolio of heritage buildings, Wolverhampton is a prime location for investment in the heart of the UK.
Insight for investors
• Type of Investment Sought: Investor/Development Partner/Funder/Equity Investor for Development Sites/End Occupiers: research, digital technology, green innovation and advanced engineering and manufacturing businesses
• Value and cost info: £225m+ GDV
• Jobs: 1,220
• Site Size: 6Ha including 22,762m2 of new commercial incubator space
• Timescale: 2023 onwards
• Planning Status: Corridor spans two adopted area action plans