A new, world-class 23-acre urban science district in central Cambridge has been given the go ahead by authorities.
The new science district in Cherry Hinton, which was approved by Cambridge City Council’s planning committee subject to Section 106 and Conditions, is expected to create up to 4,000 high-skilled jobs.
The district, which will be just 10 minutes’ cycle from the central railway station and built on a site that has been unused for decades, will be one of the largest new urban science district developments in the UK. It will facilitate a variety of research and development uses, catering to companies throughout their growth journey, from start-up to large multinational, within a single location.
Specialist investor, developer and operator for the science and innovation sector Mission Street and BGO, a leading global real estate investment manager, are partnering to develop the science district, which will play a significant role in the UK’s aspirations to be a ‘science superpower’.
Speaking about the news, Artem Korolev, CEO, Mission Street, said: “Since our first consultation with local stakeholders and the Cherry Hinton community, we’ve said that this is about breaking down the barriers prevalent with traditional science parks, creating an open and inviting innovation district, and putting the science on show. This project embodies the principle that it is entirely possible to blend R&D space for world-leading innovators with community amenities that everyone can enjoy.
“We look forward to engaging further with planning officers, the community and other statutory consultees, as we deliver a globally significant science destination that current and future generations will be proud of”.
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