Sci-Tech Daresbury collaboration leads to sales rise
Liverpool City Region’s Sci-Tech Daresbury has experienced a strong rise in overall sales last year, according to new figures, thanks to its powerful culture of collaboration.
Income was up 27 per cent – a 5 per cent increase on 2018 – as shown through a campus survey of 117 companies.
It also found that more than 70 per cent of firms on site are collaborating with at least one of their neighbours, generating approximately £10m in sales and cost savings.
Exports for those on campus sit at 29 per cent, with Europe remaining the key market and accounting for 50 per cent of all international sales.
Elsewhere, the survey revealed that more than 240 new products and services were developed in 2019 – nearly double that of the previous year and the highest ever figure for the campus. Sci-Tech Daresbury companies also created a net increase of 162 jobs during the period.
John Downes, group chief executive of Langtree and chair of the Sci-Tech Daresbury joint venture company, said: “2019 was another robust period of development and growth for Sci-Tech Daresbury.
“The feedback from this survey demonstrates that collaboration remains a key driver for innovation amongst the companies on site, resulting in both dynamic new products, growth in numbers of employees and excellent sales results.”
“While we’re pleased with the progress being made, we’re going to continue to develop programmes that will allow our tenants to access the talent and skill they need to prosper.
“Likewise, in response to the economic shock of Covid-19 there will be a variety of initiatives developed that will offer guidance to our companies through this unprecedented period.”