The extension to the Cranfield Innovation Centre which more than doubled its size to 3,483 sq m (37,500 sq ft) , has been formally opened by Lord Sainsbury, Parliamentary Under-Secretary of State for Science and Innovation.
St Modwen Properties PLC, which is developing the 40.4 hectare Cranfield Technology Park in conjunction with Cranfield University, extended the innovation centre by 2,090 sq m (22,500 sq ft ) after acquiring it from Mid-Bedfordshire District Council. The extended centre has been a great success attracting new businesses and enabling existing ones to expand.
Leading representatives from the University, Mid-Bedfordshire District Council and St Modwen also celebrated the launch of the 1,858 sq m (20,000 sq ft) Derwent House which offers medium term space for knowledge-based occupiers. All but 186 sq m (2,000 sq ft) of the building is now either let or reserved.
More than 6,967 sq m (75,000 sq ft) of accommodation for knowledge-based industries has now been developed at Cranfield Technology Park. Lord Sainsbury said: “The Cranfield Innovation Centre is an example of leading edge innovation. In many ways, centres like this represent a microcosm of the sort of innovation networks we want to see across the economy as a whole.
“By providing serviced premises and offering business advice to its tenants, the Innovation Centre creates a nurturing environment in which small and start-up knowledge based businesses can develop and grow.”
Lord Sainsbury was welcomed by Prof. Frank Hartley, Vice Chancellor of Cranfield University, and Sir Stanley Clarke, Chairman of St Modwen Properties PLC.
For further information contact Nick Kay of St Modwen (020 7499 5666).
Issued by Paul Raymer of Howle Chapman Raymer (0121-236-7771).