A science park brings together a group of knowledge-based businesses, along with support and advice to help the businesses grow.
The support each science park offers varies, but typical services include:
Supported through a variety of local, regional, national and European Union funds, the structure of science parks can vary and there is no common formula for ownership. Universities, local authorities, private companies and property developers can all be involved in different ways and to different levels.
The UK now has over 100 science parks. 'Science park' is the umbrella term used for research parks, technology parks, incubators, innovation centres and technoparks. Different types of science park have different aims, for instance:
Science parks have formal and operational links with centres of knowledge creation, such as universities, in areas such as:
For example, businesses in the science park can tap into a university's resources and may be able to commercially exploit research being carried out there.
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Department for Business, Energy & Industrial Strategy