Southampton Science Park Gets Green Light for R&D Facility
Deal News | Dec 03, 2024 | SETsquared
Southampton Science Park has received planning permission for a new research and development facility. This project aims to bolster the role of South Central UK as a hub for life sciences. Designed by architects Scott Brownrigg, the building will incorporate a 70:30 laboratory-to-office ratio and exhibit sustainability features like a green roof for biodiversity enhancement and renewable energy sources. Dr. Robin Chave, CEO, heralds this venture as a critical step toward commercializing life science innovations by providing the necessary lab facilities. Local MP Caroline Nokes affirms the park's role in contributing to regional economic benefits and employment opportunities. The development is slated to break ground in early 2025 with completion expected in 2026, thereby enhancing the region's scientific and technological capabilities.
Sectors
- Life Sciences
- Sustainable Construction
Geography
- United Kingdom – The development takes place in the South Central region of the UK, specifically at Southampton Science Park.
Industry
- Life Sciences – The project focuses on providing state-of-the-art laboratory facilities to support life science research and innovation.
- Sustainable Construction – Emphasis on using sustainable building materials and design to achieve low environmental impact and biodiversity gains.
Financials
- Multi-million-pound – The cost of the new research and development facility at Southampton Science Park.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Southampton Science Park | Target | Companies | The site of the new R&D facility, contributing to regional life sciences development. |
| SETsquared | PE Firm | Companies | Provides support and backing for this landmark life sciences project. |
| Scott Brownrigg | Architect | Companies | Award-winning architects responsible for the visionary design of the R&D facility. |
| University of Southampton | Selling Company | Companies | Owns the science park where the R&D facility will be developed. |
| Dr. Robin Chave | CEO | People | CEO of Southampton Science Park, advocating for the new R&D facility. |
| Caroline Nokes | MP | People | MP for Romsey and Southampton North, supporting the project development. |