Bruntwood SciTech has announced a significant investment, marking a milestone for the joint venture established in October 2018.
The partnership will develop over 50,000 sq ft of laboratory space at the Mereside life science campus in Alderley Park, aiming to enhance the UK’s scientific and technological infrastructure.
Investment in Mereside Laboratory Space
Bruntwood SciTech has committed to developing more than 50,000 sq ft of laboratory space at Alderley Park’s Mereside life science campus. This investment is valued at £10 million and includes state-of-the-art chemistry and biology labs ranging from 500 sq ft to 20,000 sq ft. The facilities are scheduled for completion in spring 2019.
Future Expansion Plans
The partnership expressed its commitment to future development at Alderley Park. A further 100,000 sq ft of laboratories will be added in subsequent phases, featuring new labs of up to 15,000 sq ft. These larger facilities are designed to accommodate the needs of expanding life sciences businesses.
Dr Chris Doherty, managing director of Alderley Park, highlighted the strong demand for high-quality space, stating that the North West offers world-class facilities, competitive rates, and a thriving ecosystem.
Strategic Importance of the North West
The North West is increasingly recognised as an ideal location for science and technology enterprises. Businesses benefit from a deep talent pool, robust support systems, and an attractive lifestyle.
“The North West is a great place to start a science or technology-focused business,” Dr Chris Doherty asserted. He also mentioned its strategic importance for international companies looking to establish a UK base.
This development aligns with the broader objective of fostering a competitive and innovative business environment within the region.
Vision and Goals of Bruntwood SciTech
Established in October 2018, Bruntwood SciTech is a joint venture hailed as the UK’s largest science and technology property partnership. The organisation plans to invest £360 million to expand its assets from 1.3 million sq ft to over 6.2 million sq ft within the next decade.
The venture aims to support the creation of 20,000 new jobs, thereby contributing significantly to regional economic growth and innovation.
Leadership Insights
In a recent interview, CEO Phil Kemp elaborated on Bruntwood SciTech’s mission to stimulate regional growth. He stressed the importance of developing existing assets in Manchester, Alderley Park, Birmingham, and Leeds.
Phil Kemp detailed the development pipeline, indicating it would reach £2 billion in value over time. He confirmed ongoing investments would be pivotal in helping science and technology businesses scale and expand.
Commitment to Regional Development
The primary goal of Bruntwood SciTech is to unlock growth potential in the regions it operates. By enhancing existing infrastructure and creating new opportunities, the venture aims to foster innovation and economic prosperity.
This commitment to regional development is expected to have far-reaching impacts, promoting a thriving ecosystem of scientific and technological enterprises.
Looking Ahead
Bruntwood SciTech’s investment in Alderley Park marks the beginning of an ambitious journey towards transforming the UK’s science and technology landscape.
Bruntwood SciTech’s strategic investment signifies a pivotal moment for the UK’s life sciences sector.
With its commitment to developing high-quality laboratories and fostering regional growth, the venture is set to play a crucial role in advancing scientific innovation and economic prosperity.