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GROWING BUSINESSES CHOOSE CRANFIELD VOTE OF CONFIDENCE FOR REGIONAL AUTOMOTIVE INDUSTRY

Building on the five lettings announced in September, Cranfield University Technology Park continues to attract new and growing firms as companies look to expand their operations across Bedfordshire and Milton Keynes.

In a particular vote of confidence for the region’s automotive industry, two specialist businesses have taken a total of 2,300 sq ft at the Cranfield Innovation Centre (CIC), attracted by the unique links to the sector at the Tech Park which is home to Nissan.

Impetus Automotive, which provides aftersales consultancy for the automotive industry has taken a 1,700 sq ft office, whilst Japanese seat-system specialist Tachi-S has moved into 600 sq ft as the company expands its UK operations.

The Tachi-S deal was supported by the Government’s inward-investment agency UKTI (UK Trade & Investment) and Central Bedfordshire Council, building on the firm’s existing UK business in Sunderland.

A third newcomer to the Tech Park is XPS which has moved into a 300 sq ft unit in the CIC.

David Gorvett, CEO of Impetus Automotive, said: “The opening of our new claims centre with a fully-trained, dedicated team emphasises our customer first approach, which is at the heart of everything we do as industry consultants.

He added: “This has been an exciting year for Impetus Automotive. The changes we have made are integral to building on the success we’ve already enjoyed and for positioning ourselves for future growth and business performance.”

Rupert Wood, Regional Director at St. Modwen said that the deals were great news for both the Tech Park and the local economy:

“We’re delighted to welcome these new firms, which highlight the increasing and on-going appeal of Cranfield University Technology Park to businesses looking to take advantage of our unique location and links to industry.

“The collaboration with UKTI and Central Bedfordshire Council on Tachi-S’s move in to the CIC highlights the importance of partnership in attracting new businesses to the region.”

Cllr Nigel Young, Executive Member for Sustainable Communities (Strategic Planning and Economic Development) at Central Bedfordshire Council added: “This is fantastic news for the area and we’re glad that this partnership approach is showing tangible results. This re-enforces that Central Bedfordshire is a great place to do business and the Technology Park in particular really is an ideal location with excellent infrastructure and industry links.

“We’re committed to nurturing new businesses as well as attracting them in the first place and with smaller and medium sized business accounting for the majority of local jobs, we want to make sure we do everything we can to support businesses and boost economic growth.”

Emma Bowman Smith, Managing Director at XPS said: “This move represents a significant marker of growth for our business.  The location is ideal for us to service key clients in Bedford, Milton Keynes & the surrounding areas but is also an ideal & accessible location for our national clients. With excellent facilities in a truly professional environment, XPS can focus on business growth & service delivery”.

Cranfield University Technology Park is a partnership between Cranfield University and St. Modwen, the UK’s leading regeneration specialist. The Tech Park is home to over 50 science, technology and knowledge based businesses, ranging from start-ups through to internationally renowned brands including Nissan and Trafficmaster.

For more information visit www.cranfieldtechnologypark.co.uk