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Bruntwood SciTech invests into life sciences sector

Bruntwood SciTech will invest £10 million into the life sciences sector by creating a laboratory and office space specifically for small biotechnology companies in Alderley Park, Cheshire.

The 50,000 sq ft space will support the booming bioscience industry in the north of England by offering research and development space for small but growing early-stage life science businesses. As well as increased working space, the facility is also anticipated to boost the number of job opportunities in the industry.

In particular, the creation of the work area will address the shortage of laboratory spaces across the UK and USA, currently inhibiting the growth and development of the biotech industry.

Managing director of Alderley Park, Dr Chris Doherty, said: “These are the first labs we have developed at Alderley Park and are ideal for smaller life science businesses as they expand and grow. We see a lot of demand at this end of the market for high quality lab facilities and we have a unique offer not only in terms of specification but also our ability to provide access to a community of like-minded businesses.

“We are already home to a number of early stage drug discovery companies, fast growing contract research organisations, and have two venture capital funds based here. We also have Enterprise Zone status, giving qualifying businesses the ability to claim up to 100% business rate relief for a maximum five years.”

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