For the local government, whose involvement was to grant permission for the site on University land, is to support regional economic development.

It is a not-for-profit Government subsidised organisation providing bespoke business support for high-tech and/or high potential start-up ventures.

These companies include those involved in the computer games, space centered commercial enterprises, bio-medicine, cybersecurity, electronics, chemical engineering, and veterinary medicine as examples.

It is responsible for some £500m of economic activity each year and is a major financial asset for the university as well as creating a culture of innovation in the region.

By March 2015, 90% of the Park had been developed with just two remaining sites, known as George Stephenson Place and Faraday Court, undeveloped.