The new cross border science park currently under construction at Fort George in Derry will generate £4 million a year for the local economy and support 285 jobs.
Running as a joint venture with Letterkenny Institute of Technology the Derry project is expected to be up and running in July next year while the Letterkenny campus is expected on stream in the Spring of 2015
Members of Derry City Council’s development committee were briefed on the progress of the £13 million science park at their monthly meeting in the Guildhall on Tuesday
Sarah Kelly, business development manager of the North West Regional Science Park, said the facility will help regenerate Derry’s economy.
“There are lots of ideas and a lot of action happening in this city and the Science Park will hopefully help all of those companies and attract others. It is ideally placed next to the Project Kelvin ‘telehouse’ which is important because the large companies are looking for that connectivity,” she said.
Ms Kelly also said the parkwould help small start up