Hi-tech businesses could be nurtured and 600 jobs created as part of a £4.8m science park development.

Leicester City Council has secured funding to build "incubator" units for up to 50 firms on land next to the National Space Centre.

It is hoped the scheme will kick-start a boom in enterprise and build on research at Leicester's two universities.

The £4.8m has come from European, regional and national sources.

Architects are drawing up a final design for the scheme, called the Innovation Workspace Project.

Peter Chandler, the council's project manager, said: "We are coming out of a recession and that has impacted on the whole economy.

"But we believe a quality scheme that's focused on company growth will be attractive to businesses."

The proposed building, on the site off Abbey Lane, comprises a mix of office and workshop space for up to 50 firms.

Mr Chandler said about 600 jobs would be created by the time the building was at full capacity, which would take about four years.

Councillor Patrick Kitterick, cabinet member for regeneration, said: "We are very pleased this has been given funding."

Dr Vicky Vass, pro vice-chancellor of De Montfort University, said: "This project complements the university's expertise in technology research, knowledge transfer and business support collaboration, and provides excellent opportunities for driving forward innovation in Leicester."

So far, hi-tech engineering firm Zeeko is a confirmed tenant for the science park. The Coalville business hopes to move on to the site this year.

Bellway Homes is building 136 flats and 25 houses on land at the science park.

The council's cabinet is due to agree on Monday that the project can go ahead.

A full planning application is due in May.

For more information, visit: www.thisisleicestershire.co.uk