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Two of Cranfield University Technology Park’s most enterprising businesses are expanding into new offices, in a clear indication of the growing strength of the UK and regional economy around Milton Keynes & Bedfordshire.

Tendering expert is moving to a new 675 sq ft office – a 40% increase – within the Cranfield Innovation Centre (CIC), in order to accommodate its growing workload from clients looking to secure key tenders and new opportunities.

At the same time high technology recruitment firm Vector Recruitment has moved to 75% larger premises in the CIC to cope with demand as companies in the UK’s booming engineering, science and technology sector expand their teams.

The new deals at the Cranfield University Technology Park follow a series of major lettings over the last twelve months, including food freshness firm It’s Fresh!, Impetus Automotive and Japanese car-seat manufacturer, Tachi-S. Meanwhile existing tenants SEMLEP, Alere and Comms 365 have all moved to larger offices in the CIC, taking advantage of the CIC’s flexible leases to support their expansion.

Geoff Cockle at Vector Recruitment said that the larger offices were needed to meet the needs of a growing team:

“We’re delighted to be in a position to move to larger offices. With the ultra-high technology companies and candidates that we work with, the Cranfield Innovation Centre location and it’s links to the world class Cranfield University are an important part of our own brand. Over the last year we have seen strong growth in both clients and candidate numbers and have successfully expanded the Vector team to meet the demand.”

Martyn Curley at added:

“Over the last year we’ve seen enquiries surge as clients turn to us for our expertise in securing valuable new contracts and as a result we’re now in turn expanding our team and offices to meet demand.

“Having recently been awarded the Investors in People Gold Award we’re looking forward to continued growth and success throughout 2014 and beyond.”

Rupert Wood, Regional Director at St. Modwen which runs Cranfield University Technology Park said that both these moves reflect an overall confidence in the marketplace and the economy:

“The fact that these specialist firms are expanding is a clear indication of the improving market in the region and UK as a whole, as companies look to recruit and invest.

“Allowing flexibility for businesses to move offices is fundamental to our offer on the Tech Park, allowing us to accommodate businesses ranging from start-ups to multi-national firms.”

Cranfield University Technology Park is a partnership between Cranfield University and St. Modwen, the UK’s leading regeneration specialist. The Cranfield University Technology Park is home to over 60 science, technology and knowledge based businesses, ranging from start-ups through to internationally renowned brands including Nissan and Trafficmaster.

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