Its an exciting time for Norwich Research Park with recent announcements of large funding, ensuring a solid future for the globally important research on the park. These announcements included funding for the next five years of research programmes at the institutes and funding for a ground-breaking plant and microbial science and innovation hub on the park.
Now Anglia Innovation Partnership, the science park management entity, is also planning to expand the space available for businesses on the park, to support existing businesses that are growing and attract more businesses in the fields such as agri-biotech, food biotech and industrial biotech. To achieve this the park partners and four landowners are seeking to work with a long-term investor to deliver up to 1.6m sq. ft of new development.
Due to market demand an early opportunity exists to invest in the construction of two new laboratory and office buildings comprising circa 100,000 sq ft. The first of these buildings is currently submitted for planning permission.
It is estimated that £65m of new money is required, during the first five years, to fund new buildings and related capital works. This includes £30m to fund ‘Grow-on Building 1 and 2’, in the first two years, and £35m to complete a further circa 200,000 sq ft of laboratory, office and mid-tech accommodation following that.
Roz Bird, CEO of Anglia Innovation Partnership said, “With 100,000 sq ft built and let, to exciting high-growth companies, 1.6m sq ft of outline planning consent available in the Enterprise Zone, and major investment in our research facilities announced, the time is now right to create new accommodation to meet the needs of growing companies and to help attract and retain companies, that want to locate at Norwich Research Park, to benefit from one of the largest clusters of Modern Industrial Biotechnology expertise and specialist facilities in Europe.”
To enquire about space on the park for your business, please contact our Head of Development and Asset Management, Jonathan Barnard (Right Image) at space@norwichresearchpark.com.
Main Image: Architects impression of the first Grow-on Building
Left Image: Photo of the development land that is planned for the new builds near the existing Innovation Centre building.
