Collaborative working has generated £19.5m for businesses based at Sci-Tech Daresbury, according to new data.
A recent survey of 84 companies occupying the science and technology campus discovered that there are currently 113 collaborations, with 55% of firms at the development actively working with each other.
The study noted that collaborations between Sci-Tech Daresbury companies generated a business value of £6.6m in terms of new sales or cost savings, up from £4.8m in 2015.
Collaborations are mainly taking the form of buyer-seller relationships and partnerships.
The campus is currently home to 120 businesses, with 34 moving into Sci-Tech Daresbury in 2016.
The survey also found that 70% of firms at the Cheshire site are collaborating either with a university or the Science and Technology Facilities Council (STFC), which also has a base at the campus.
The universities of Liverpool and Manchester represented the most prominent relationships with on-site businesses, but collaboration is increasing with other research-intensive universities outside the North West, including the universities of Strathclyde and Leeds and Imperial College London.
These have generated almost £13m of value through the likes of buyer-supplier relationships, the utilisation of technical facilities and research projects.
Read more at bdaily.co.uk