Oxfordshire’s Harwell Science and Innovation Campus is to get a 440,000 sq ft expansion after securing £300m of funding.
The finance facility was secured by the Harwell Science and Innovation Campus public-private partnership – a joint venture between Brookfield, the Science and Technology Facilities Council and the UK Atomic Energy Authority.
The move will support the delivery of new laboratory and research and development buildings on the campus over the next two years.
This will include Tech Foundry, measuring 220,000 sq ft of advanced manufacturing space, and the Linear Accelerator Building, expected to be used by starting and scaling science organisations.
The developer behind the expansion is Brookfield’s life sciences arm, Advanced Research Clusters, which operates the campus.
The investment and development facility has been provided by a consortium comprising Deutsche Bank, BNP Paribas and AXA.
Jim Stretton, chief financial officer and chief operating officer at Harwell Campus, said: “There is a chronic shortage of lab and research and development space across Oxfordshire which is holding incredible companies back. The new developments this facility will fund will accelerate our ability to effectively support our thriving innovation ecosystem.”
The 700-acre campus site is home to the Diamond Light Source Synchrotron, the National Quantum Computing Centre and the Rosalind Franklin Institute. The most recent developments at the campus include an agreement with Moderna to bring forward a facility for research, development and manufacturing of mRNA vaccines for respiratory conditions and diseases.
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