Following years of planning and development, the Thames Valley Science Park’s flagship ‘Gateway’ building opened its doors for business in March 2018.
The 70,000 sq ft building, which is owned by the University of Reading, offers flexible office and laboratory space and is part of a £35 million investment scheme into the Science Park. The first building is now home to 15 cutting-edge technology companies, ranging from early start-ups to global research and development centres.
A dedicated hub for entrepreneurs and growing businesses is also based in the ‘Gateway’ building. Innovation Catalyst is a collaboration between VitalSix, a specialist in supporting growing businesses, Thames Valley Science Park and Barclays Eagle Labs.
According to Mark Walport, the chief executive of UK Research and innovation stated that Co-location clusters are breeding grounds for innovation.
Walport states: “Global challenges driven by demographic change, the ageing population, pollution and the environment create an extraordinary opportunity for innovation. These global changes will frame many of the companies that develop here on the Thames Valley Science Park”.
“UK Research and Innovation (UKRI) recognises that the right location and environment are vital to fostering the best collaborations between academia and industry, and attracting the best talent in research and business”.
“science parks such as the Thames Valley Science park play a fundamental role in the UK economy – the successful businesses of the future will be based on science, research and technology.”
“The Thames Valley Science Park and Surrounding area, especially with its connection to the University of Reading, is a great example of somewhere that provides an attractive proposition for both businesses and individuals alike.”
Tenants of the science park have access to a high-speed digital infrastructure that will meet the vast data needs of their businesses. Other amenities at the site include a café conference facilities and flexible meeting spaces.
The science park will take up to 20 years to be fully developed, with significant long-term investment from the university of Reading. Once complete, the science park will be one of the largest in the South East.
Professor Robert Van de Noort, acting vice-chancellor at the University of Reading, said: “To date, the University of Reading has helped more than 250 businesses team up with our researchers and secure funding for a range of projects that take our discoveries and innovations, and turn these into products that can come to market. Our aim is that the Thames Valley Science Park will help us do much more of this, driving even further innovation to bring about real change in society.”
The Thames Valley Science Park will eventually deliver approximately 800,000 sq ft of flexible laboratory and office space in a campus style setting designed to encourage collaboration. Once completed, it will have the potential to provide up to 5,000 new jobs.
The second building, an innovative cancer treatment centre, opened in October 2018. The Rutherford Cancer Centre Thames Valley will help to meet growing demand for proton beam therapy, a specialised type of cancer treatment that, until recently, has not yet been available in the UK.
Plans for the third building in Phase One were approved in February.
In May 2017, outline planning consent was granted for the second phase of the Thames Valley Science Park. Wokingham Borough Council approved the conceptual plans for approximately 15 further buildings on the remaining 600,000 square foot of the site, to be developed as and when required.
The initial investment in the Park includes £30 million from the University of Reading and £5m from the European Union’s European Regional Development Fund.
We here at Lantern Maidenhead we are excited to hear about such exciting developments helping Reading to be come a central hub for innovation and technological advancements.
New developments and investment injections, makes it an exciting time for businesses in Maidenhead, and it provides a fantastic opportunity for other companies to set up in Maidenhead too. With the introduction of Crossrail, Maidenhead certainly has a bright future as we will be more connected to London than ever before, prompting trade and business partnerships, pointing to long-term sustainable growth.
For more information get in contact with us here.