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.
Looking for your next technology, science or engineering role? Maybe you’re just starting out in your career? Polytec is here to help you find the perfect position for you. Browse our current vacancies now >>> www.polytec.co.uk/jobs
Image credit: AVEVA
Plans to deliver up to 3,800 additional homes at the University of Cambridge’s Eddington development have been approved, paving the way for a major expansion of the university-led scheme.
The UK's life sciences sector is entering a period of significant expansion, creating exciting opportunities for businesses and professionals alike.
Pharmaceutical giant GSK is to relocate around 1,000 research and development staff to a new facility at the Cambridge Biomedical Campus as part of a £400m investment in its UK R&D network.
A new £20m research hub is being established in Cambridge to accelerate the development of medicines by combining artificial intelligence (AI), advanced laboratory models and clinical research.
His Majesty The King has officially opened the University of Cambridge's £58m New Whittle Laboratory, a new research facility designed to accelerate the development of next-generation propulsion and power technologies for the aerospace, energy and defence sectors.
The Royal Society of Chemistry (RSC) has announced plans to relocate its headquarters from Thomas Graham House to a new home at Cambridge Science Park.
The government has announced the creation of the Greater Cambridge Development Corporation, a new regeneration body designed to accelerate housing delivery, infrastructure investment and economic growth across one of the UK's leading science and technology clusters.
Cambridge Science Centre has launched a new two-year programme designed to inspire the next generation of scientists, engineers and planners through hands-on activities focused on the built environment.
Cambridge Science Park has submitted a major new masterplan for planning consent, setting out proposals to almost triple the site’s built footprint as it looks to drive the next phase of growth in the UK’s innovation economy.
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.
Bruntwood SciTech has secured a major letting at Melbourn Science Park that is expected to deliver a significant employment boost for the Cambridge life sciences cluster, after cell therapy specialist Cellular Origins announced plans to double its workforce.
A new state-of-the-art planetarium from the University of Cambridge is set to reshape how pupils across the East of England experience space, offering an immersive learning tool that can be taken directly into classrooms.