Published: 09:00, 01 August 2014 |
Updated: 11:07, 01 August 2014
A business park is to be given £4.6m to build new roads and other infrastructure on the site.
The cash injection was announced as Discovery Park celebrated its second birthday on Thursday, at an event attended by more than 300 people.
The venture was created after Pfizer announced it was leaving its research facility in Sandwich in 2011, although the drugs giant continues to have a smaller presence there today.
Since its launch, the site has grown from five tenants to 97 in two years.
These are mainly businesses in the science and technology sector but many other companies, from accountants to law firms, also have operations.
The latest of these is set to be Canterbury Christ Church University, which managing director Paul Barber announced in the celebrations.
The new funding comes from the £46m Growing Places fund, allocated to the South East Local Enterprise Partnership (SELEP) by the Government a few years ago.
Earlier this month the body was awarded a £442m Growth Fund to invest in Kent, East Sussex and Essex in the next two years.
SELEP chairman Peter Jones said: “This money for Discovery Park is actually the last of the Growing Places fund, which has been superseded by the larger amount we are getting under the Growth Fund.
“Management at Discovery Park have a lot of changes they want to make to the site to take forward their plans for development.
“They are going to have to put in new power lines, roads, sewerage and all kinds of things to do those developments and we hope this will be an important contribution to them getting to those new facilities to attract new companies.
“The park has got the potential to create a lot of new jobs and is clearly working very well.
“I’m mightily impressed at how this whole project is being taken forward and there comes a time when you have to invest in success so that it generates the income, profits and wages for people in the future.”
The move by Canterbury Christ Church University has been prompted in part by East Kent College's decision to move its administrative staff and science curriculum to the site.
Managing director Paul Barber said: "The university is an exceptional business and they are aware of the collaboration taking place between tenants.
"A lot of academic institutions realise that to attract good students they need to run courses that are very relevant to the business world.
"Many of these will involve placements with top companies. So they will be sending a few people to work here for six months to see how it goes for them and if it works, they may stay longer."
Every morning at 10am we play you an hour of tunes from the 90s. We call it, #WeLoveThe90s.
Play 'Say It' with Garry and Laura on kmfm Breakfast and you could win £1,000!
Wake up to kmfm Breakfast with Garry and Laura - it's Kent's alarm call.
Your No1 guide to getting married in Kent. From dresses to discos and venues to veils, we've got everything you could possibly need for your big day
Education, Training & Childcare is a special supplement published by KM Media Group four times a year. Click here for latest e-edition.
A guide for your future. For year 11 students in Kent and Medway. Click here for the e-edition.
Get the latest food and drink news, recipes from some of the nation's top chefs plus updates from Kent's vineyards and breweries.
Search in your local area to find your perfect partner in Kent, with FreshStart Dating!
PLUS, register for free!.
Read our pick of the best holiday destinations. Whether its a weekend break, or something a little bit longer, we have reviewed a wide range of holidays.