The £3m Alchemy Building, supported by the European Regional Development Fund and the Midlands Engine, will provide expansion space for science, technology, research and development based small businesses. The three-storey building will provide high-tech premium office, laboratory and technical space, which can be configured to tenants' specifications. The accommodation will benefit from three-phase power, air conditioning, high-speed broadband, energy-efficient systems, catering points and easy laboratory fit-outs with access to remote reception services, meeting rooms and car parking.