Home to the iconic National Space Centre and world-leading space research at three major universities, our area has a cluster of space technology companies and major new developments that place us at the heart of future opportunities in the space sector. 

The Exchequer Secretary visited Leicester last week to hear how the government’s Levelling Up Fund will help drive growth in our regions growing space sector, boosting the economy and creating jobs.The funding will deliver high-quality work spaces for advanced manufacturing and R&D linked to the space and satellite technologies to drive forward the rapid expansion of technology, innovation and science businesses in the city.

The visit follows the announcement that Leicestershire County Council is one of 38 local and mayoral combined authorities to have expressed an initial interest in setting up Investment Zones to turbocharge economic growth

Businesses will benefit from generous, time-limited tax incentives and further liberalised planning rules to release more land for housing and commercial development, boosting economic growth.

Following a tour of the National Space Centre, the Minister also met with companies who have moved into the Space Park to hear how the facility has sparked collaboration between researchers and the private sector, driving innovation and helping to retain the top graduates from the city’s two universities.

Exchequer Secretary Felicity Buchan said “It’s fantastic to see how our investment will turbocharge growth in Leicester’s rapidly expanding space sector, encouraging innovative businesses to expand and grow in the city, creating high-skilled jobs.

And we are going further to ignite growth through our brand-new Investment Zones, which will encourage businesses to invest, driving our economy forward and creating opportunity for everyone.

Investment from the Levelling Up Fund will also support a new Dock-style building for high tech industries and nine high-quality manufacturing spaces, alongside the transformation of an old council depot into light industrial spaces to provide much-needed small units.

This is one of 10 places in the East Midlands to receive a share of £203 million from the £1.7 billion first round of the Levelling Up Fund, as announced in October’s Budget 2021.

The government will look to announce successful allocations of the second round of the levelling up fund before year end.

The Levelling Up funding builds on previous government investment including £17million through the Local Growth Fund for four projects in Leicester, and £20 million for four infrastructure projects across Leicestershire through the Getting Building Fund including St Margaret’s Regeneration Gateway and Charles Street Transport Hub.

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  2. ANdrew
    The Levelling Up Fund's investment in Leicester's space sector is a game-changer. This funding will drive growth, innovation, and job creation, positioning Leicester as a hub for space technology and research. It's an exciting opportunity to unleash the region's potential and contribute to the advancement of the UK's space industry ALso check out this fantastic case: https://acfootballcases.com/product/trent-alexander-arnold-66-black-panzer/
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  4. LinkAiris
    Leicester’s burgeoning space sector is a beacon of innovation and economic growth, especially with the support of the government’s Levelling Up Fund. The development of high-quality workspaces for advanced manufacturing and R&D in space technologies is a significant step toward positioning the region as a leader in the aerospace industry. This initiative not only aims to create high-skilled jobs but also fosters collaboration between academia and private enterprises, a crucial factor in retaining top talent.

    However, while these developments are promising for businesses, it’s important to acknowledge the financial landscape they operate within. Startups and growing companies in this high-tech sector may find themselves in need of capital to take full advantage of these opportunities. This can often lead to exploring various financing options, including business loans, credit cards, or even payday loans for immediate cash flow needs.

    Navigating debts and credit wisely is vital for these companies as they expand. Relying too heavily on credit cards or https://www.linkedin.com/pulse/7-ways-get-200-now-cash-crunch-solutions-oleh-yakuba-nxune/ can lead to high-interest debts that may hinder long-term growth. Instead, seeking out favorable loan terms and exploring government-backed funding initiatives can provide the necessary support without the financial strain. As Leicester’s space sector continues to thrive, balancing innovation with sound financial practices will be essential for sustainable growth.

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