Image credit: AVEVA
Industrial software company AVEVA has announced plans to invest approximately £30m in a new global headquarters and research and development centre at Cambridge Science Park, further strengthening the region’s position as a major hub for AI and industrial technology innovation.
The investment, scheduled across 2026 and 2027, will see the company establish a new innovation hub at 101 Cambridge Science Park, bringing together more than 500 employees in a single location as part of its next phase of AI-driven growth.
The 80,000 sq ft facility — one of the largest leasing deals completed in Cambridge in recent years — is being owned by funds managed by Morgan Stanley Real Estate Investing (MSREI). Construction is already underway, with partial occupation expected from September 2026 ahead of a full opening in summer 2027.
AVEVA said the development would expand its existing Cambridge footprint while creating a collaborative environment designed to accelerate innovation and support long-term growth within the city’s globally recognised technology and research ecosystem.
The new site will feature a high-specification meeting and demonstration centre intended to showcase advanced technologies and strengthen collaboration with customers and partners. Sustainability has also been positioned as a central element of the project, with the company describing the development as a “global flagship” designed to demonstrate best-in-class environmental and social outcomes.
The facility is expected to play a key role in advancing AVEVA’s Industrial Intelligence strategy, which focuses on helping manufacturers and industrial operators use software, data and AI to improve efficiency, resilience and sustainability across their operations.
Alongside experienced engineering and technology teams, the new hub will also accommodate graduate recruits as part of the company’s continued investment in early careers and future talent development.
Caspar Herzberg, CEO of AVEVA, said the investment reflected both the strength of the local talent base and the wider growth potential of the Cambridge technology cluster.
“Our investment in Cambridge reflects the exceptional talent, growth and Industrial Intelligence capabilities that define the region,” he said. “This also aligns with the long-term vision that has established Silicon Fen as a global technology leader.”
AVEVA said its decision followed an extended review of potential locations across Cambridge, ultimately reaffirming its long-standing commitment to the city due to its links with the University of Cambridge and the area’s international reputation for research, engineering, software and innovation.
Dr Andy Williams, chair of the Oxford-Cambridge Supercluster Board, said the move represented a significant endorsement of both Cambridge and the wider UK innovation economy.
“Bringing more than 500 high-value roles together in a new research and development hub at Cambridge Science Park will further strengthen the Oxford-Cambridge supercluster’s position as a global centre for science, engineering, software and AI,” he said.
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