The investment builds upon the £2.7 million already committed by the Local Enterprise Partnership (LEP) to Defra’s National Agri-Food Innovation Campus York, where Fera is based. It represents a strong commitment to the regional economy and to the LEP’s priority area of agrifood business.
Fera has a significant presence in the agri-food market where it is already recognised as an internationally respected scientific organisation. As the joint venture partner, Capita, will bring valuable commercial expertise and experience enabling Fera to maximise its capabilities. The venture also includes the creation of a joint academic institute with Newcastle University aimed at advancing the understanding and application of science to practical agri-food problems.
In bringing together the public sector, private sector and academia, the joint venture allows Fera to build on its reputation as an international centre of excellence and provide the invaluable scientific services that Defra and wider Government will continue to require in the future.
It is intended that the new joint venture will commence operating on 1 April 2015.