More and more businesses around Bangor are looking for the best storage Bangor has to offer, as the number and type of businesses in the area continues to expand.
The latest set of businesses to set up in Bangor includes a range of technology and science related industries, in the new science park, Menai Science Park (M-SParc).It is due to open in January 2018.
M-SParc is a subsidiary of Bangor University and currently has 11 companies lined up to move in, in early 2018. These include start-ups such as Ambionics, a company from Menai Bridge, which develops life changing prosthetic arms for children, and Irish firm FarmLab Diagnostics, a provider of diagnostic testing services. The initial companies moving in will bring 100 new jobs to the area, with 50 of them brought in by Loyalty Logistix, a company currently based in Bangor which specialises in developing customer retention and data intelligence services for the automobile industry.
The £20 million cost of developing the science park has been part funded by the European Regional Development Funding through the Welsh Government.
M-SParc Director Ieuan Wyn Jones told the Daily Post: “We set ambitious but realistic targets for tenants coming in on day one, but it’s very pleasing to have exceeded those targets by some margin.”
He also welcomed the new businesses to the area, saying it was ‘heartening’ the new development will include organisations who have been in the area for a long time as well as those bringing new interests to the region.