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Business & Innovation Magazine

by Business & Innovation Magazine Reporter 07 Aug, 2017
DCS Group, which was established in 1994 by Denys Shortt OBE, was officially opened by the Chairman of Barclays Corporate Banking Division – Kevin Wall.

The £12 million investment into the 25-acre site on Noral Way, near the M40, has become the new home for the company’s 250 staff and has created 30 new jobs – a figure which is set to increase as the business expands.

Previously the site was home to the Northern Aluminum Company – one of the UK’s first aluminum factories. In homage to the history of the site, the company commissioned a sculpture of a Spitfire to commemorate the past, which takes pride of place at the entrance to the new DCS Group offices.

DCS Group was founded in 1994 by the current Chairman and Chief Executive, Denys Shortt. The business opened its first commercial premises in Stratford upon Avon in 2001 before adding a manufacturing plant in 2005.

The company boasts some of the world’s biggest companies as suppliers including Proctor & Gamble, Unilever, Colgate, PZ Cussons, Reckitt Benkiser and SC Johnson and delivers to over 500 retail chains and wholesalers in the UK. In 1998, the company established its own label beauty brand ‘Enliven’ which is today is exported to over 75 countries around the world.

Commenting on the move Chief Executive Denys Shortt said: “The continued growth of the company resulted in the need to find a new site to ensure we had a platform on which to maximise the future potential of the company.”

“Our company has a policy that ensures we play our part in the local community, whether that’s in terms of employment, the purchase and servicing of our vehicle fleet or supporting local charitable causes and I’m keen to work with partners locally to contribute to the prosperity of the area.”

Kevin Wall, Chairman of Barclays Corporate Banking Division commented: “The growth of the DCS Group since its inception in 1994 has been very impressive and something that Denys and his team can be proud of. I was delighted to be asked to officially open the premises today and wish the company my best wishes for their future success.”

The company has an ambitious strategic plan for future growth and aims to become a £300 million company in the next five years and create employment opportunities for a further fifty people.
by Business & Innovation Magazine Reporter 03 Aug, 2017
Hermes Investment Management (Hermes), the £30.8 billion manager, has agreed to sell a 50% equity stake in Milton Park to Canada Pension Plan Investment Board (CPPIB) for approximately £200 million.
 
Oxfordshire’s Milton Park accommodates leading global science and technology companies as well as emerging businesses, including a number of spin-off organisations from the University of Oxford. At 250 acres, Milton Park is one of Europe’s largest and most successful integrated business, science and technology parks and home to over 250 organisations employing over 9,000 people.
 
Chris Taylor, Head of Private Markets, Hermes Investment Management, said: “The deal marks another significant milestone in our growing relationship with CPPIB, which has already proved highly successful through our JV within central London and our collaboration at Wellington Place in Leeds and Paradise, Birmingham. Our interests are well aligned and, as such, we have been able to work together to deliver strong financial returns and positive impact upon society and the environment.
 
“Recycling capital in this manner allows us to adequately diversify our global portfolio and invest further in existing and new strategic holdings, where we believe additional value can be added in line with our focus on the occupational impacts arising from growing trends of urbanisation, globalisation, technology and demographic shifts.”
 
MEPC Limited (MEPC), a leading property developer and asset manager, which manages Milton Park on behalf of Hermes Investment Management, will remain as asset manager and developer under the joint ownership. MEPC is currently overseeing the development of Park Drive East, one of the largest speculative developments in Oxfordshire, accommodating the ongoing demand for quality office and laboratory space in the region.
 
Andrea Orlandi, Managing Director and Head of Real Estate Investments Europe, CPPIB, added: “This transaction provides CPPIB with a further opportunity to grow our existing relationship with Hermes, one of our key strategic partners. MEPC, our asset and development manager on Wellington Place has a strong track record in developing and transforming major real estate projects. We see significant future growth potential at Milton Park as it continues to build on its attractiveness to the life-science sector - a major pillar of the thriving Oxford economy.”
 
James Dipple, CEO of MEPC, said: “This deal offers an excellent opportunity for us to grow our relationship with CPPIB, which has already been cemented through our work at Wellington Place. This investment is testament to Milton Park’s reputation and MEPC’s excellent track record of delivering strong investor returns by meeting the needs of our customers through a clear understanding of their occupational requirements.
 
“With the added support of CPPIB, we will continue to accommodate the expansion of businesses on the park through an identified investment programme set out in our long term business plans.”
by Business & Innovation Magazine Reporter 03 Aug, 2017
Ground floor accommodation at King Charles House, Park End Street, owned by Green Templeton College, has been leased at £30 per sq ft in a deal arranged by leading commercial property specialists VSL & Partners.
 
It is the latest example of prime office accommodation reaching new peaks this year with another development in St Aldates also seeing significant rises. A systematic refurbishment has taken place and the building has now achieved rents between £27.50 per sq ft and £29 per sq ft on four separate lettings.
 
Tom Barton, director at VSL & Partners, said: “Record office rents in Oxford city centre are being achieved thanks to historic low levels of supply and continued demand.
 
“£30 per sq ft will now be the new benchmark for rents in the city centre.”
 
The building at 58 – 60 St Aldates was bought by Vantage Property Limited Partnership at the beginning of this year when rents were at £23.50 per sq ft.
by Business & Innovation Magazine Reporter 03 Aug, 2017
At 488 metres in length, that’s longer than four football pitches, and weighing roughly six times as much as the largest aircraft carrier, Prelude, Shell’s new Floating Liquefied Natural Gas Facility (FLNG) was always going to represent a formidable challenge even for the skilled tug masters who were charged with towing the facility from the shipyard in South Korea where it was constructed, and delivering it to its final destination, a remote gas field 475 kilometres off the coast of Western Australia.

HR Wallingford, based at Wallingford, Oxfordshire provided navigation simulation expertise to prepare for manoeuvring the monster facility whose storage tanks can hold the equivalent of 175 Olympic-sized swimming pools.

To practise the vital manoeuvres, Howbery Business Park-based HR Wallingford, has been using its Australia Ship Simulation Centre in Fremantle to create an accurate and detailed navigation simulation of Prelude for Shell, which was used to prepare the Tow Masters, Tug Masters and Pilots, allowing them to familiarise themselves with a realistic simulation of Prelude manoeuvres at sea.

And on 25 July 2017, Prelude arrived safely at its destination off the coast of Western Australia. HR Wallingford also created and provided Shell Australia with a bespoke, web-based decision support tool, to assist with the operations planning.

Dr Mark McBride, HR Wallingford’s Ships Group Manager, said: “There was a need to assess many aspects of this unique offshore floating facility. We used real time navigation simulation, so that we could identify the limiting conditions for safe manoeuvring, as well as the tug requirements, and for developing appropriate manoeuvring strategies.”

Up to six integrated simulators at the Australia Ship Simulation Centre were used to simulate the Prelude and the tugs for the shipyard departure operation, and for the positioning during connection of the facility’s mooring lines, once at its installation site. Actual wind, wave and tidal conditions were recorded, and then modelled, which meant that the crew were able to accurately test the capability and power of the tugs in advance. The simulated positioning operation was used to prepare for the real-life operation in which the tugs were attached to the FLNG facility by 700-metre-long wires, weighing approximately 30 tonnes each.

https://www.youtube.com/watch?v=W8FYesuLyPA

Captain Roy Lewisson, Master of the Deep Orient, the vessel that connected Prelude to its 16 mooring lines, and who took part in the simulator training said: “Being able to accurately test the manoeuvring beforehand was a real advantage. Never before in oil and gas history have we had the chance to practice in the simulator before we get on the water.”

Prelude will produce gas at sea, turn it into liquefied natural gas and then transfer it directly to the ships that will transport it to customers, a significant innovation, cutting costs and eliminating the need for long pipelines to onshore LNG processing plants.
by Business & Innovation Magazine Reporter 28 Jul, 2017
Immunocore Limited, the world’s leading TCR company developing biological drugs to treat cancer, infectious diseases and autoimmune diseases, and MEPC Limited (MEPC), a leading property developer and asset manager, announced today that Immunocore will expand its operations at Milton Park in Oxfordshire initially by a further 53,000 square feet (sq ft). The new purpose-built research laboratory facilities will support Immunocore’s continued growth in the area. Additional space will provide purpose-built research laboratories accommodating around 450 scientists at Immunocore.



Immunocore was established in 1999 and has been based at Milton Park since 2000, and currently occupies 135,000 sq ft of laboratory and office space. The Company will lease a new 53,000 sq ft purpose-built premises in the Enterprise Zone at 95 Park Drive and will also take further leases on a total of 48,000 sq ft in existing buildings at 96 Jubilee Avenue and 92 Park Drive on Milton Park. This forms a key part of Immunocore’s continued expansion plan on Milton Park. Planning consent for the new building at 95 Park Drive was obtained through the fast-track Local Development Order, which enables MEPC to secure consent for a wide range of development at Milton Park in just 10 days.



The Milton Park expansion reflects the growing demand for state-of-the-art, strategically located premises from established and emerging science and technology businesses in Oxfordshire, which benefits from access to talent from the University of Oxford and excellent transport links into London and other key regional hubs. 



Eliot Forster, Chief Executive Officer of Immunocore, said: “Immunocore is one of the world’s leading independent biotechnology companies. Milton Park has served as an ideal location for our headquarters, providing us with the communication advantages we depend on day-to-day, and a unique and supportive business culture that helps to reinforce our attractiveness as a place to work. The additional space will provide purpose-built research laboratories accommodating around 450 scientists at Immunocore. We are delighted to be able to renew our relationship with MEPC, and look forward to moving into the premises which we hope will be the backdrop to the next 10 years of our growth.”



James Dipple, MEPC Chief Executive Officer, said: “It’s been a real pleasure working with the Immunocore team and we are delighted to accommodate their continuing expansion at Milton Park. The start of work on building 95 Park Drive brings the total new development under construction at Milton Park to over 160,000 sq ft. These projects, which are over 50% pre-let, reinforce our commitment to providing scope for organisations of all sizes to grow within this thriving and supportive community of likeminded businesses and individuals. 



“This announcement further bolsters the reputation of Milton Park as a globally significant science and technology hub, which attracts innovative businesses who will drive long term growth for the UK economy.” 



Lord Prior, Business Minister, said: “Immunocore’s expansion in Oxfordshire is a boost for the UK’s life sciences sector and a vote of confidence in both our economy and global leadership in developing cutting-edge drugs that improve people’s lives.



“Our Industrial Strategy and sector deal with the life sciences will make the UK one of the most competitive places in the world to grow a biotechnology business and encourage even more firms to invest, creating jobs and sustainable growth across all parts of the UK.”
 
by Business & Innovation Magazine Reporter 26 Jul, 2017
Earlier this summer, just one day before the General Election, I took part in two Economic Question Time (EQT) events. They were organised by Royds Withy King, and co-hosted with HSBC and Bishop Fleming (Bath) and Shaw Gibbs (Oxford). I’ve been involved with these EQT events since 2009, and always find them interesting because of the local flavour of the concerns raised by attendees.

For both Bath and Oxford, their long history and well-preserved town centres make them a magnet for tourists and visitors. But there’s a constant tension between local authorities keen to preserve their olde-worlde charm, and the need to provide new housing, modern infrastructure, and up-to-date office space. The shortage of such space was uppermost in the minds of many questioners at both EQT events.

In Oxford, it was said that the university colleges snaffle most of the development sites that do become available. In Bath, it was reported that such sites tend to be snapped up by developers keen to convert buildings into student flats. More troubling here were reports that businesses are relocating to Bristol on account of the lack of suitable space. There seems to be a particular dearth of premises for businesses which expand to the point where they need to accommodate a few hundred employees.

But there is also an important difference between the two cities. Although Bath these days has its fair share of students, it would never claim to be an innovation hub in the way that Oxford is. This is largely because Oxford University has a long history of launching spin-offs into the world of commerce, one notable example being the development of penicillin in the early 1940s.

At the Oxford EQT I was fortunate enough to have a long chat with Dr Matt Perkins, who is the CEO of Oxford University Innovation (OUI). In the period between April 2015 and July 2016, OUI was responsible for spinning off 21 businesses, and is hoping to do just as well in the current financial year. In this respect, the University is extremely lucky to have the financial backing of Oxford Sciences Innovation (OSI), which has raised £580 million to provide spin-off businesses with long-term finance. Dr Perkins told me that just six universities account for 90% of the UK’s academic spin-off ventures: a figure which didn’t altogether surprise me, but does make me wonder what many of our long-established higher education institutions are getting up to.

This brings us back to Oxford’s availability of office space. In their early days, many spin-off businesses like to stick close to the university mother-ship, often locating themselves within walking distance of the department that spawned them. This may be possible when they’re young and small, but becomes more difficult as they scale-up.

But if they can bear to tear themselves away from the university’s tender embrace, then the Harwell Campus is only about 20 minutes away. This swanky business park is emerging from the former UK Atomic Energy Authority site, which was once known the world over for its work in the spheres of nuclear energy and weapons. The site is now being transformed, and is home to the Satellite Applications Catapult, the European Centre for Satellite Applications and Telecommunications (an offshoot of the European Space Agency), and also the Diamond Light Source. I visited the Catapult a few months ago, and it’s certainly an impressively modern venue. As for the presence of the European Space Agency, the good news is that it is not an EU institution, so its activities at Harwell shouldn’t get caught up in the Brexit argy-bargy.

What struck me in relation to both Bath and Oxford is the difficult balancing act which the planners have to strike between preserving those characteristics that fuel the visitor economy, while also allowing new businesses to thrive and create jobs. Nice as it may be to wander round these old towns, it won’t do them any favours in the long term if they become theme parks.

The EQT in Oxford was moderated once again by Nicola Blackwood, who for the past seven years has served as the MP for Oxford West and Abingdon. I can’t comment on her qualities as a local MP, but she is great at extracting questions from sometimes-shy audiences and at stimulating debate. Politics, as we all know is a cruel business, and Nicola was defeated on election night, with her seat being taken back by the Lib Dems. I can only wish her all the best, and hope that our paths will cross again.

Mark Berrisford-Smith
Head of Economics for HSBC UK Commercial Banking

by Business & Innovation Magazine Reporter 12 Jul, 2017
It has been a strong quarter for Oxford University Innovation (OUI), not least being named the leading technology transfer office worldwide.

The strength and value of Oxford University’s innovation ecosystem was demonstrated in a report showing that Oxford University contributes £7.1 billion to the global economy every year, with the University’s commercialisation activities responsible for £1.2 billion.

As of 2015, Oxford had generated 136 new spinout companies – more than any other UK university – boasting a combined global turnover of £600 million. Oxfordshire is home to 80 of these innovative companies, employing 1,886 people and contributing £132 million annually to the local economy, while 129 remain based in the UK.

In May, Oxford University Innovation (OUI) was named Technology Transfer Office of the Year by university innovation magazine Global University Venturing, marking the second time OUI has been highlighted as a world leader in the field.

Oxford University companies raised £93 million during Q2 of 2017, of which £3.9 million was at the seed stage. In addition, £268,037 in translational funding was awarded.

During this period, OUI launched four spinout companies, including Oxford Quantum Circuits, the first quantum computing spinout to emerge from the University.

The Oxford University Innovation Fund, the early-stage investment fund for OUI, has now invested a total of £3.9 million into 16 companies.

During the second quarter of 2017, it added three new companies to its portfolio: Ultromics,  Cycle.Land and Oxford Quantum Circuits.

DiffBlue, an Oxford University spinout company developing an artificial intelligence (AI) capable of writing code, has secured £17 million in Series A funding. The round was led by Goldman Sachs Principal Strategic Investments, with participation from Oxford Sciences Innovation (OSI) and Oxford Technology and Innovations Fund (OTIF).

Zegami, an Oxford University analytics spinout company focused on image management, has raised £2.3 million to develop its image search and analytics platform for the cloud and take its technology to the consumer market. The round was led by returning investor Oxford Sciences Innovation, and included Parkwalk Advisors.

Scenic Biotech BV, an international collaboration from Oxford University and the Netherlands Cancer Institute (NKI) that looks to tackle diseases on the genetic level, secured €6.5 million (£5.7 million) in Series A funding. Backers included Biogeneration Ventures, INKEF Capital and Oxford Sciences Innovation.

Oxbotica, the autonomous vehicle spinout from Oxford University, has announced plans for the most ambitious self-driving vehicle trial worldwide to date. Leading the newly-formed DRIVEN consortium with £8.6 million in grant funding, Oxbotica aims to trial an autonomous vehicle driving from central London to central Oxford unassisted by 2019.

Colwiz, an OUI incubator company developing a software-as-a-service for academic articles, and Oxford Gene Technology (OGT), a DNA technology spinout launched in 1997, both completed successful exits in the last week of May. Colwiz sold to publisher Taylor & Francis, while OGT sold to Sysmex.
by Business & Innovation Magazine Reporter 07 Jul, 2017

The appetite for commercial space at Harwell Campus, near Oxford continues to grow as Harwell Campus announces the largest speculative commercial development in Oxfordshire’s history.  

The scheme totals 190,000 sq ft and is incremental to the existing Runway buildings of 90,000 sq ft which are being refurbished. The total value of these developments is more than £80m.

The new buildings follow the construction of the Genesis building, which completed in June 2016, and will provide similar light industrial/R&D space but with greatly enhanced elevations and architectural quality. This offers companies an attractive HQ location where all functions, from production to marketing, can be cost effectively co-located on a campus with ample room to expand.

The Zephyr building is a multi-let building of 60,000 sq ft, and is accompanied by two sister buildings of 40,000 sq ft each, designed for single/dual occupation. These buildings complement the 50,000 sq ft Quad One office scheme that’s currently under construction.

Tenant demand is such that Harwell Campus expects to have substantially pre-let these schemes prior to planned completion and is already making preparations for another 100,000 sq ft building, to be delivered by the end of 2018.

William Cooper, Partner at Harwell Campus Management, said: ‘We are very happy to share the success and expansion of organisations already on campus and equally, we are thrilled that external organisations are also seeing the many benefits that Harwell that can offer them. The campus is witnessing the most significant growth seen in this sector anywhere in the UK at the present time, creating a European innovation district comparable to MIT in the US.’

Tom Edgerley, Development Director at U+I Group PLC, said: “U+I is proud to be part of the Harwell team and investing in the growth of the UK’s science and technology economy. Bringing like-minded organisations together at Harwell has already proven beneficial to the many businesses on site and the new space will provide an exciting opportunity to nurture more innovation on campus.”

Harwell Campus is a public private partnership between Harwell Oxford Partners and U+I Group PLC and two Government backed agencies, the Science and Technology Facilities Council (STFC) and the UK Atomic Energy Agency (UKAEA).

Housing over £2 billion of scientific equipment the campus is home to over 200 different organisations that are working to solve some of the biggest problems faced by mankind including an ageing population, healthcare, disease control, space discovery and applications, climate change, cleaner, greener energy and new advanced materials.

Harwell Campus has been innovating in science and technology for over 75 years, with many world firsts to its credit. These include generating nuclear energy for the first time in Europe in 1947 and developing CADET, the world’s first transistorised computer in 1953. Earlier this year the Government pledged £102m to the Rosalind Franklin Institute that will have a central hub located at Harwell, linking it to multiple universities. The campus is also set to benefit from the government’s latest UK Industrial Strategy Challenge Fund investment of £1bn over four years that will direct funding into six cutting edge technologies including satellites and space technology, healthcare, medicine, robotics, batteries and materials of the future.

Harwell is one of the world’s most important science and innovation locations. It has a growing reputation as the UK’s gateway to space with over 65 space and satellite applications related organisations located on campus and is now seeing rapid growth in the Life Sciences and Health-Tech sector with over 1,000 people working in this field alone at Harwell.  In addition to space and life sciences, the campus hosts an array of other key sectors including, Big Data and Supercomputing, Energy and Environment and Advanced Engineering and Materials. With a legacy of many world firsts, the campus comprises 710 acres, over 200 organisations and 5,500 people.

 The Cluster of about 70 Space organisations at Harwell is testament to the power of co-locating industry, academia and the public sector alongside investors and entrepreneurs. The European Space Agency, RAL Space, The UK Space Agency, Airbus, Thales Alenia Space, Lockheed Martin, and Deimos Space UK can all be found on the Campus. This creates many opportunities for collaboration, increasing capability and sharing risk. Being within a Cluster brings access to high-quality common infrastructure, facilities and expertise, alongside exposure to new markets

by Business & Innovation Magazine Reporter 07 Jul, 2017

The first Bessemer Society dinner in Oxford took place this July at Rhodes House. The Bessemer Society is a forum and mutual society formed of ‘serial’ CEOs, founders and entrepreneurs who are committed to creating successful new companies based on technological innovation in the fields of science and engineering.

Named after Sir Henry Bessemer, the Society aims to promote his blend of technical, creative and entrepreneurial skills that are the catalyst for founding any progressive and lasting enterprise. The founding members share a profound belief in the value of manufacturing and manufacturing technologies to produce wealth and lasting good for society.

The dinner was organised by Alex Stewart, founder of the Bessemer Society and great-great grandson of Sir Henry Bessemer.

The objective of the evening, which is supported by Oxford University Innovation, Oxford Sciences Innovation and the Harwell Campus, is to draw together Oxford science and technology manufacturing companies in a collegiate atmosphere where they can recognize their strengths and discuss their needs. Attended by more than 40 delegates the evening featured inspirational presentations from Dr Gordon Sanghera, CEO and co-founder of Oxford Nanopore Ltd, Prof Peter Dobson, doyen of the Oxford University spinout scene, and Martin Fiennes, a principal of Oxford Sciences Innovation, the patient capital fund management company.

The event was sponsored by key Oxfordshire firms, Royds Withy King, Wellers, Grant Thornton, and JA Kemp.

For more information about the Bessemer Society, please email admin@bessemer-society.co.uk

by Business & Innovation Magazine Reporter 07 Jul, 2017

The Oxford Science Park  is the first science, technology and business park to use the ground-breaking geomatics and simulation technology, that is used by Formula 1® teams and automotive equipment manufacturers, to visualise the Park and its new Schrodinger Building, in 3D Apps. The Park, which is home to more than 2,500 people across 70 companies, used the technology to create an interactive 3D Park plan.

 

The Park instructed Severn Partnership , a Shropshire-based geomatics land surveying company, which drove around the site using the Leica Geosystems Pegasus Two vehicle mounted ‘reality capture’ kit, plotting one million 3D points a second, linked to GPS coordinates in real time and aided by a missile guidance inertial navigation system.

 

Conventionally, the 3D data would remain within technical, architectural or CAD software and be archived once used for planning and design. However, looking to push the technology further, the 3D Park plan was then converted into an interactive 3D visualisation by Seeable , a technical visualisation studio also based in Shropshire. The Schrödinger Building  was then 3D visualised using the same state of the art game engine technology.

 

Dr Nigel Moore, director, Seeable Ltd explained: “As a hub for technical innovation and scientific research, it was a natural choice for The Oxford Science Park to use cutting edge survey and visualisation techniques to update the current Park plan.

 

“What would usually take a survey team weeks to complete with conventional equipment was completed within two days on-site using the latest high accuracy mobile mapping techniques from geomatics experts. Having mapped the Science Park in record time, the scan data was used as the accurate base readings to create a 3D Park plan. This base model then provided the platform to accurately visualise new proposed buildings in 3D, giving a virtual reality style experience.”

 

The 3D technology allows users to have a bird’s eye view of the Park, with contextual information added to each building. 360 degree panoramic images were also embedded into the visualisation App to merge the virtual with the actual ‘street view’ type perspective of key locations. Users are also able to ‘walk through’ The Schrodinger Building, experiencing the finished building before it is completed.

 

Piers Scrimshaw-Wright, managing director, The Oxford Science Park said: “We wanted to be able to showcase the Park and The Schrödinger Building both in our Marketing Suite here at The Oxford Science Park and also when out of the office using a tablet. This flexibility has already proved invaluable.

 

“We have a strong ethos of discovery and innovation across the Park, and it was a natural decision to invest in cutting edge technology to help market the Park and its new development phase. Businesses are increasingly familiar with virtual reality and we felt it important to embrace this technology to give our varied stakeholders a visual medium that makes orientation around the Park easy, and to accurately represent our new Schrödinger Building before it is built.

 

“Our development plans are ambitious, and it is only right that we have used state of the art technology to bring our plans to life, and portray a high level vision for the Park. The visualisations produced by the Severn Partnership and Seeable are simply brilliant.”

 

With the Internet of things (IoT) a hot topic for technology advancements, the 3D Park plan is the first of a new breed of visualisation Apps which can be expanded to visualise data just like smart city projects.

 

Dr Nigel Moore concluded: “In the future, buildings and sites will create IoT data for everything from energy use to bus timetables, parking spaces or electric vehicle charging locations. A crystal ball prediction or science fiction becoming science fact? Either way, The Oxford Science Park is riding the wave of technological advance and future proofing itself en-route.”

 

The Oxford Science Park is owned and managed by Magdalen College, Oxford. Created in 1991, the Park upholds the College’s heritage and provides one of the most influential science & technology environments in the UK. Oveer 450,000 sq. ft. of net lettable space and the Park is now home to more than 2,500 people and over 70 businesses, ranging from start-ups based in the Magdalen Centre innovation hub to major international companies including Amey, Becton Dickinson, Circassia, IBM, OrganOx, OxSonics, Oxford Nanopore, Sharp Laboratories, TripAdvisor, and Oxford Technology Management.

 

Following the successful acquisition of M&G Real Estate’s 50% share in December 2015, Magdalen College now has 100% ownership and control of The Oxford Science Park. In addition to being a key property investment, the Park is at the heart of the College’s strategy to support discovery, innovation and entrepreneurship.

 

Magdalen College will continue to develop The Oxford Science Park as a long-term strategic asset, with ambitious plans to create an additional 250,000+ sq ft of office and laboratory space on the remaining 10+ acres of land over the next 10 years. This additional capacity will support the growth of businesses already based on the Park, providing flexibility with their space requirements, and enabling new companies to enjoy the Park’s beautiful character and atmosphere.

 

The Oxford Science Park is located approximately four miles south-east of Oxford city centre, just off the City’s southern ring road. It has easy access to the M40 and A34, as well as to Heathrow Airport and mainline train services.

 

For further information, please visit: www.oxfordsp.com

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