University of Warwick Science Park Drives Creation of 150+ New Jobs

By Anushka Malhotra

1 minute 07 seconds

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Quick Read: The University of Warwick Science Park supported over 150 new jobs in 2023/24, with rising occupancy, increased funding, and support for nearly 900 businesses across its sites.

The University of Warwick Science Park has supported the creation of more than 150 new jobs in the past year, as detailed in its newly released 2023/24 Impact Report.

The report highlights continued growth across the Science Park’s four sites: the University campus, Warwick Innovation Centre, Binley’s Business Innovation Centre, and Blythe Valley Innovation Centre near Solihull. Occupancy rose by 8%, with a total of 152 businesses now operating from the Park—16 of which graduated from its Ignite incubator programme, offering start-ups affordable, flexible space and tailored business advice.

The Science Park also played a pivotal role in helping companies secure £11.2 million in equity, grants, and debt funding. In total, its business support services reached 890 businesses, contributing to the creation of 153 jobs.

Mark Tock, Chief Operations Officer at the University of Warwick Science Park said:

“It’s fantastic to see the continuing impact the Science Park is having on company growth and the wider economy. We’re proud to offer the space, talent, and financial support that help innovative companies thrive.”

The Science Park was also recognised in the Financial Times' rankings for a second consecutive year, reinforcing its position as a key driver of regional innovation and growth.

Professor Stuart Croft, Vice-Chancellor and President of the University of Warwick, added:

“The Science Park plays a vital role in nurturing innovative businesses and supporting economic development. These impressive results are worth celebrating.”

As the University prepares to mark its 60th anniversary in 2025, the Science Park is set to continue expanding its support for entrepreneurs and high-growth businesses in the Midlands and beyond.

What's new

West Midlands Health Tech Innovation Accelerator Unlocks Nearly £50M in Private Investment

The West Midlands Health Tech Innovation Accelerator (WMHTIA), led by the University of Birmingham, has generated an impressive £49.4 million in private co-investment within its first two years, significantly surpassing its original £14.5 million public funding allocation.

Funded through the Innovation Accelerator programme, coordinated by Innovate UK, the Department for Science, Innovation and Technology, and UK Research and Innovation, WMHTIA has become a leading force in advancing health technology innovation across the region.

The majority of the private investment—£36.3 million—was directly committed by investors to enterprises supported by the Accelerator. This achievement represents a threefold return on the initial public investment, demonstrating the strong investor confidence in the region’s health tech sector.

Powering Health Innovation Through Collaboration

The WMHTIA brings together 21 partners from academia, industry, and the NHS to help healthtech companies develop, validate, and commercialise cutting-edge medical technologies. So far, companies supported through the programme have also secured an additional £10 million in national public grants from agencies including NIHR, Eureka, and Innovate UK.

Including both public and private contributions, the total investment leveraged by WMHTIA now stands at £67.3 million.

Professor Adam Tickell, Vice-Chancellor, University of Birmingham:

We’re proud to support startups through the riskiest stages of innovation so more life-saving technologies reach patients. This exceptional investment proves what’s possible when academia, the NHS, and industry work together to drive economic growth and better health outcomes.

In March 2025, the Innovation Accelerator programme was extended with a further £30 million, including £4 million for the WMHTIA to continue supporting the region’s innovators in 2025/26.

Backing the Future of Health Tech

Richard Parker, Mayor of the West Midlands:

The West Midlands is leading medical tech innovation—from faster diagnoses to shorter hospital stays. Healthtech isn’t just improving lives; it’s creating secure, high-value jobs that drive inclusive growth.

Dean Cook, Executive Director of Place and Global, Innovate UK:

This programme shows how place-based innovation can unlock greater business investment in R&D. By connecting the region’s strengths, we’re creating high-value jobs and building globally significant innovation capability.

The WMHTIA continues to strengthen the region’s reputation as a national hub for health technology, with far-reaching benefits for patient care, job creation, and regional economic development.

By Anushka Malhotra

24 Jun