Bruntwood and venture partners Legal & General and Greater Manchester Pension Fund announced on Thursday that they have received the green light to redevelop Melbourn Science Park in Cambridgeshire.
The project, representing an investment of around £250 mln (€292 mln), encompasses up to 390,000 ft2 of specialist lab and office space to be delivered over a number of years.
Proposals also include new walking routes through the Park’s landscaping and wetlands, and biodiversity increased by up to 30% with an additional 275 trees planted. All new buildings within the Park’s masterplan are targeted to be net zero carbon in construction and operation within their communal spaces.
The masterplan transforms the Park into being 100% electric, targets EPC A Ratings across all buildings, and includes 600 m2 of solar panels.
Daron Williams, Building Consultancy Director for Bruntwood SciTech, commented: 'The Park has a long history as a centre for scientific innovation and we are proud to be able to continue and build on this legacy, and also connect startups, scaleups and global businesses who locate here to our UK-wide community of more than 1,100 companies.'
The plans follow Bruntwood SciTech’s announcement in October 2023 of investing £500 mln to support the UK’s innovation economy, and welcoming the UK’s largest local authority pension fund, Greater Manchester Pension Fund (GMPF) into the Bruntwood and Legal & General-backed partnership.
Bruntwood SciTech aims to create a £5 bn UK-wide portfolio that can support 2,600 high-growth businesses by 2032.
