University of Warwick Science Park Drives Creation of 150+ New Jobs
By Anushka Malhotra
1 minute 07 seconds
Growth

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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.
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West Midlands Poised to Lead UK’s AI Revolution, Says KPMG Partner

Private firms in the West Midlands are outpacing the rest of the UK in their plans to adopt artificial intelligence (AI), positioning the region at the forefront of digital innovation, according to KPMG’s Andy Bostock.
With the UK Government’s AI Opportunities Action Plan aiming to cement the country as a global leader in artificial intelligence, the West Midlands is already taking significant steps in that direction. The plan, launched earlier this year, highlights how AI can modernise public services — and private sector companies across the region are responding to the call with enthusiasm.
According to KPMG’s Private Enterprise Barometer, published in December, 83% of West Midlands private firms are planning AI investments — well above the national average of 73%.
Andy Bostock, Senior Partner at KPMG, said:
“The most successful companies are those viewing AI not as a cost, but as a strategic investment in long-term growth and resilience.”
The West Midlands, with its strong roots in engineering and manufacturing, is well-positioned to reap the benefits of AI. From optimising supply chains to enhancing talent acquisition and predictive maintenance, AI applications are already transforming business models.
A recent joint report by KPMG and UKTN found that accelerating AI adoption across manufacturing and engineering will be essential to meet the region’s tech sector goal of reaching a £100 billion valuation by 2030.
The region is home to over 300 AI-focused businesses employing more than 11,000 people, forming one of the most dynamic digital clusters in the UK. Yet, Bostock stressed that the journey is just beginning.
To fully harness AI’s potential, businesses must establish strong, adaptable data frameworks and integrate AI solutions that align with their existing operations. This includes practical tools like chatbots for customer service, predictive analytics for inventory management, and AI-driven insights for marketing and long-term planning.
Andy Bostock added:
“Real business value comes from identifying where AI can enhance existing strengths. It’s not about starting over, it’s about getting smarter.”
As the region doubles down on digital transformation, Bostock believes cutting through the AI hype and focusing on measurable outcomes will be key to unlocking its full potential.
By Anushka Malhotra
11 Apr
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