Peninsula Hi-Tec

A Message from Lord Pickles and Lord Blunkett, followed by Peninsula Hi-Tec's best practice article

The ability to listen and learn from one another has always been vital in parliament, in business and in most aspects of daily life. But at this particular moment in time, as national and global events continue to reiterate, it is uncommonly crucial that we forge new channels of communication and reinforce existing ones. The following article from Peninsula Hi-Tec is an attempt to do just that. We would welcome your thoughts on this or any other Parliamentary Review article.

Rt Hon The Lord David Blunkett

Rt Hon The Lord Eric Pickles

www.wolverhamptonsp.co.uk/accommodation/our-buildings/our-accomodation/

25PENINSULA HI-TECH LTD ULSTER SCIENCE & TECHNOLOGY PARK |

BEST PRACTICE REPRESENTATIVE 2018

Patrick Shortall, managing

director

Ulster Science &

Technology Park

Peninsula Hi-Tech Ltdis part of a property group based

in Londonderry, Northern Ireland, owned and managed

by Patrick Shortall.Peninsula has the pioneering track

record in Northern Ireland of being the first private company

to date to invest exclusively in providing dedicated space for

high-tech companies at the Ulster Science & Technology Park

inLondonderry.

Pioneering investment

For more than 30 years, the Peninsula Group have been involved in stabilising the

social order in an area with the highest unemployment rate in the United Kingdom

through private investment in housing, shopping centres and high-tech inward

investment. The company’s quality track record and probity is well known and

recognised as having been at the forefront of pioneering development in this area

to the benefit of all communities.

Peninsula planned, promoted and built the Ulster Science & Technology Park

(USTP) based on the knowledge that Northern Ireland has a young, highly skilled

workforce, with Londonderry operating as the lowest cost region in English-

speaking Western Europe situated in the most competitive region in the UK. Since

1988 this private sector initiative has created over 1,000 new high-tech jobs with

capacity for 3,000 jobs on the park.

The USTP is the leading business and office campus in the northwest of Ireland.

Set in a purpose-built, 15-acre mature landscaped parkland, spread across four

stand-alone buildings, the park offers high-specification office accommodation at

FACTS ABOUT

PENINSULA HI-TECH LTD

»Managing director:

PatrickShortall

»Established over 40 years ago

»Based in Londonderry,

Northern Ireland

»Services: Pioneering

development with a quality

track record and probity

benefiting all communities

»Built, maintains and manages

Ulster Science & Technology

Park, Londonderry since 1987

»First company in Northern

Ireland to bring foreign direct

investment with high-quality

pre-built office space

»www.ulstersciencepark.com

Peninsula Hi-Tech Ltd

Ulster Science & Technology Park

PENINSULA HI-TECH LTD |

THE PARLIAMENTARY REVIEW

Highlighting best practice

26 | PENINSULA HI-TECH LTD ULSTER SCIENCE & TECHNOLOGY PARK| PENINSULA HI-TECH LTD

vastly competitive rates. This example

of private sector driven job creating

infrastructure was emulated a decade

later by the public sector in Belfast

with office space in Belfast costing up

to twice as much as the superior built

office space available at USTP.

The Ulster Science & Technology

Park provides the highest levels of

connectivity and service to businesses

in the United Kingdom and in Ireland.

A direct undersea fibre optic cable

link to Londonderry from New York

was laid by Atlantic Hibernia with

direct connectivity to the park. Each

flexible workspace offers superb

telecommunication with resilient Tier 1

internet provision.

Fully adaptable office and research-style

accommodation is available in a range

of sizes in all buildings. We believe

ourprestigeaccommodationprovides

an unbeatable location package where

tenant companies can successfully

develop their operations. Our buildings

are modern and a continuous

programme of refurbishment and

upgrading is in place to ensure that

the high quality of accommodation is

maintained at all times.

Investing in Londonderry in

conjunction with Invest NI

There are huge incentives for

businesses to invest in Londonderry

with the Peninsula Group. The Ulster

Science & Technology Park, Northern

Ireland offers inward investors

one of the most attractive support

packages available in Europe through

Invest NI, the province’s investment

vehicle.These packages are tailor-

made for each individual investment

project.

Tailored support packages include

cash grants for capital investments

and employment, interest relief plus

support for a variety of business

operations such as research and

development, training and marketing

for potential tenants.

Invest NI in their role to grow the local

economy will support new and existing

businesses that can make the greatest

contribution to this growth by helping

them to compete internationally. High-

quality services, programmes, expert

advice and excellent support packages

are all on offer from Invest NI.

We’ve got great people

Londonderryis a key inward

investment location underpinned

by a high calibre, cost-competitive

workforce. Londonderry’s population

of 150,140 is one of Europe ’s

youngest and fastest growing. Over

a third – 33.9 per cent – of the

population is under the ageof 25.

There is an enthusiastic and steady

stream of smart, talented people for

knowledge-based companies seeking

a strong workforce. World-class

universities and an extensive network

of further education colleges provide

excellent academic and vocational

training and are responsive to

business, creating graduates with skills,

competency and acumen in business-

relevant areas.

High-specification office

space

The lowest

cost base,

proven

availability of

labour and the

most

competitive

region in the

British Isles

“

27PENINSULA HI-TECH LTD ULSTER SCIENCE & TECHNOLOGY PARK |

BEST PRACTICE REPRESENTATIVE 2018

PENINSULA HI-TECH LTD |

Lifestyle and leisure

Londonderry is a city renowned for its

friendly people, rich history, vibrant

culture and famous walls. Built in

the 17th century as defences for

settlers from England and Scotland to

effectively keep people out, the city

walls are now having the opposite

effect – attracting hundreds of

thousands of tourists every year.

Residents in Londonderry embrace a

lifestyle with excellent infrastructure

and public transport, top rated schools

and third level education, affordable

high-quality housing, high street and

boutique shopping. Londonderry

now offers so much more, thanks

to a recent boom in new top-class

accommodation and experiences

with a celebrated gastronomic and

vibrantnightlife.

Londonderry is accessible through its

own regional airport with connections

to principal cities on the UK mainland

as well as European destinations.

There is also an international airport

within one hour’s drive and a deep-

water port for industry and leisure.

This border city between Northern

Ireland and the Republic of Ireland

has a beautiful skyline and was

celebrated in 2013 as the UK’s very

first City of Culture. Londonderry

offers the perfect work-life balance for

companies hoping to locate here.

Looking to the future

Peninsula Hi-Tech Ltd maintains a

positive outlook on creating more

employment at the Ulster Science

& Technology Park.There are many

reasons to invest in the Ulster

Science & Technology Park, from our

skilled workforce to our advanced

infrastructure, competitive costs

and excellent support packages.The

lowest cost base, proven availability

of labour and the most competitive

region in the British Isles can be

accessed from locating on the Ulster

Science & Technology Park with high-

quality air-conditioned office space in

landscapedparkland.

Peninsula Hi-Tech Ltd offers flexible

lease terms, adaptable workspaces,

high-quality air-conditioned office

space, secure 24-hour access, support

services, meeting facilities, on-site

catering and free car parking.

Skilled

workforce,

advanced

infrastructure,

competitive costs

and excellent

support

packages

“

Building 3 USTP

www.wolverhamptonsp.co.uk/accommodation/our-buildings/our-accomodation/

This article was sponsored by Peninsula Hi-Tec. The Parliamentary Review is wholly funded by the representatives who write for it. The publication in which this article originally appeared contained the following foreword from Rt Hon Kwasi Kwarteng.

Rt Hon Kwasi Kwarteng's Foreword For The Parliamentary Review

By Rt Hon Kwasi Kwarteng

This year’s Parliamentary Review reflects on a tumultuous and extraordinary year, globally and nationally. As well as being an MP, I am a keen student of history, and I am conscious that 2020 would mark the end of an era. It will be remembered as the year in which we concluded Brexit negotiations and finally left the European Union. Above all, it will be remembered as the year of Covid-19.

In our fight against the pandemic, I am delighted that our vaccination programme is beginning to turn the tide – and I pay tribute to the British businesses, scientists and all those who have helped us to achieve this. But the virus has dealt enormous damage, and we now have a duty to rebuild our economy.

We must ensure that businesses are protected. We have made more than £350 billion available to that end, with grants, business rates relief and our furlough scheme supporting more than 11 million people and jobs in every corner of the country, maintaining livelihoods while easing the pressure on employers. The next step is to work with business to build back better and greener, putting the net zero carbon challenge at the heart of our recovery. This is a complex undertaking, but one which I hope will be recognised as a once in a lifetime opportunity.

Through the prime minister’s ten point plan for a green industrial revolution, we can level up every region of the UK, supporting 250,000 green jobs while we accelerate our progress towards net zero carbon emissions.

With our commitment to raise R&D spending to 2.4% of GDP and the creation of the Advanced Research & Invention Agency, we are empowering our fantastic researchers to take on groundbreaking research, delivering funding with flexibility and speed. With this approach, innovators will be able to work with our traditional industrial heartlands to explore new technologies, and design and manufacture the products on which the future will be built – ready for export around the globe.

And I believe trade will flourish. We are a leading nation in the fight against climate change. As the host of COP26 this year, we have an incredible opportunity to market our low-carbon products and expertise. Our departure from the EU gives us the chance to be a champion of truly global free trade; we have already signed trade deals with more than 60 countries around the world.

As we turn the page and leave 2020 behind, I am excited about the new chapter which Britain is now writing for itself, and for the opportunities which lie ahead of us.

Rt Hon Kwasi Kwarteng
Secretary of State for Business, Energy and Industrial Strategy