The latest construction work in the Milton Park enterprise zone has now started. The MEPC’s Park Drive East development at Milton Park is the start of a 12-month development pipeline for one of Science Vale UK’s largest speculative office and laboratory developments.
Park Drive East is three separate buildings (141, 142 and 143 Park Drive) and includes a Grade A office building as well as two hi-tech laboratory facilities. The Grade A office building is planned to be ready to move into by the end of the year and the two remaining buildings are expected to ready in spring 2018.
The development is situated on a 7.6-acre site located towards the eastern end of the leading science and business park. It falls within the Science Value UK Enterprise Zone. This means businesses taking space in the new scheme can apply for up to a 100% business rate discount worth up to £275,000 over five years.
The buildings are designed and specified with a high level of flexibility in mind to appeal to science and technology companies embarking on research and development activities. New occupiers will benefit from being close to the world class scientific research facilities and knowledge hubs found in Milton Park, Harwell Campus and Culham Science Centre.
In developing workspaces suitable for the thriving science and technology sector, MEPC is helping to drive job creation and growth in the region. The new development at Milton Park has the potential to create 1,000 new jobs, which will support the Vale of White Horse and South Oxfordshire District Councils’ plans to deliver 20,000 new jobs over the next 20 years.