Tyseley Energy Park has secured over £625,000 from the Greater Birmingham and Solihull Local Enterprise Partnership’s (GBSLEP) Growing Places Fund to support two new projects.

Speaking about the funding award David Horsfall director of Tyseley Energy Park said: “We are extremely grateful to the GBSLEP, this funding will support TEP’s ongoing commitment to create an ecosystem that brings together clean energy generation, the establishment of low emissions and low carbon transportation alongside the next generation energy innovation technologies.”

A total of £317,250 has been awarded to a Clean Energy and Sustainability Accelerator (CESA) project to refurbish 1518 sqm of testing, demonstration and incubation space. The renovated workspace will subsequently be used by the University of Birmingham and HyProMag Ltd to create the world’s first short loop rare earth magnet recycling facility.

TEP also secured a total of £309,552 from the GBSLEP Growing Places Fund to reclamation of 1.5 acres of flood plain that will enable additional land to be brought forward for the deployment of lower carbon energy, transport and waste solutions.

David Hardman, Interim Deputy Chair, Greater Birmingham and Solihull Local Enterprise Partnership (GBSLEP) added: “Building on our £11 million investment to date at Tyseley Energy Park, this latest funding from our £3 million Growing Places Fund will enable the Horsfall family, businesses and partners like the University of Birmingham to continue driving green innovation and the development of low-carbon technologies. It’s particularly exciting that from this transformed incubation space, researchers and scientists are looking to develop the world’s first short-loop rare earth magnet recycling facility. The GBSLEP sees this programme as an example of the strength of the West Midlands in cleantech innovation and is delighted to help promote and catalyse this important growth sector.  We look forward to seeing these future developments as they progress.”