Joint Venture to Develop UK Innovation Campus
The United Kingdom Atomic Energy Authority (UKAEA), the Science and Technology Facilities Council (STFC) and international property group, Goodman, have linked up to establish the Harwell Science and Innovation Campus in Oxfordshire, UK.
Under the agreement, UKAEA will provide land at Harwell for development and an existing business base. STFC will contribute involvement in major public sector science programmes and a proactive approach to ensuring fundamental research can be harnessed and exploited by innovators, entrepreneurs and industry.
Goodman will offer market access to global businesses and expertise in long-term property ownership, development and management, as well as providing working capital for the joint venture.
Investment at the campus will encompass fundamental scientific research and the development of property, facilities and local infrastructure. A minimum of 100,000 m2 of laboratory, high technology industrial and office accommodation will be developed in the first 20-year phase of the project. Up to 5,000 high value knowledge-based jobs are also expected to be created.