Science Park phase two gets planning permission
by Marco Cillario Wed 31 May 2017, 10:52 am
The second phase of Thames Valley Science Park has received outline planning permission.
Wokingham Borough Council approved the plans for the development of the remaining 55,740sq m of the 74,322sq m site on 26 April.
The University of Reading, owner of the Science Park, has plans for around 15 further buildings to be developed over a 20-year period.
Design work for the third building on the first phase has also started. A planning application is expected later this year with the building completed by mid-2019.
The ‘Gateway’ building is due to open, fully occupied, later this year: £35 million has been invested in the project, £30 million coming from the University of Reading and £5 million from the European Union's European Regional Development Fund. The building will provide 6,500sq m for around 20 innovative tech companies.
A £30 million cancer centre is also being built at the Science Park. Developed by Proton Partners International, it will open in the first half of 2018 and help meet growing demand for proton beam therapy, a specialised type of cancer treatment that is not currently available in the UK.
Once completed, the Science Park will have the potential to provide up to 5,000 new jobs.
David Gilham, director of Thames Valley Science Park said the companies on site were "already generating mutually beneficial links with the university for knowledge exchange and through opportunities for student placements and graduate jobs".
“As we welcome more companies to the Science Park in the years to come, it is our hope that new collaborations and partnerships will develop,” he concluded.