Exeter Science Park image

Exeter Science Park image

Exeter Science Park image

 Vision:

The development of a world class Science Park is a significant element of the Exeter and East Devon Growth Point. The infrastructure is currently being developed for the Science Park site so that the first buildings will be ready for occupation in 2013.

The Science Park will play a key role in helping to diversify and reinforce the economy of Exeter and East Devon through the development of knowledge-based businesses and capitalising on links with the technology base provided by the University of Exeter (and explicitly including PCMD)  and the Met Office.

Organisations will be based on the Science Park in order to realise significant benefits from being close to the knowledge base but at this stage a specific sectoral focus has not been established. 

Location:

  • Exeter Science Park is located at Redhayes in East Devon
  • The Science Park is close to junction 29 of the M5
  • Near Exeter International Airport

Partnership:

  • Devon County Council, East Devon District Council, Exeter City Council, the Met Office, South West Regional Development Agency and the University of Exeter
  • The Exeter Science Park Company was formally incorporated in May 2010

Size:

  • 24 hectares 
  • 68,700 m2
  • First phase 18600 m2

Predicted investment value:

  • £240million

Expected date of completion:      

  • 20-25 years

Job creation:                                

  • 2,000 - 3,700 jobs

Current land owners:

  • Devon County Council

Availability: 

 

Exeter Science Park Infrastructure

 

 

Background

Exeter Science Park is a partnership between Devon County Council, East Devon District Council, Exeter City Council, the Met Office, South West Regional Development Agency and the University of Exeter.

The Exeter Science Park Company was formally incorporated in May 2010. The Company is chaired by Professor Sir William Wakeham to lead the Strategic direction for the Science Park.

Infrastructure

The South West RDA provided grant funding of £19 million to Devon County Council to purchase the 26 hectare site from Eagle One and develop the infrastructure for the Science Park.  As well as providing a site for the Exeter Science Park, the purchase of the land from also includes land needed for major improvements to the M5 Junction 29, which will unlock the full potential of the whole Growth Point Area.

Community Infrastructure Funding (CIF) of £5 million was granted to develop a sustainable transport infrastructure to the area and provide access routes into the city centre. This includes the construction of the cycle and pedestrian bridge across the M5 directly into the Science Park and for the roads and transport infrastructure for the northern section of the Science Park.

Phase One

Eagle One has the development rights to develop Phase One of the Science Park. The rest of the site will be opened up through an OJEU tender for a developer.

Phase One will include provision of a business hotel and conference centre, a management suite for Eagle One (10,000 sq ft), and a Science Park Centre (circa 30,000 sq ft) which will act as the hub for the development, the funding partners for which are not currently in place. In addition Eagle One will have development rights to build around 40,000 sq ft of other space for occupiers on the site although they have made it clear that they will not build this speculatively.

Planning conditions stipulate that buildings must carry BREEAM excellent certification and occupiers must meet a Gateway Criteria which reflects the UK Science Park Association definition of a Science Park.