The Arc – New Development
‘The Arc’, Set to be the British version of Silicon Valley, sees the new development connecting Oxford and Cambridge. Attracting international investment to the area, the government has allocated £2.5 million to a new regional partnership, while Jeremy Hunt has reaffirmed the commitment to complete the £5 billion project to reopen the former ‘Varsity railway’ between Oxford and Cambridge. The increasing demand for space from science-based businesses has been driving the already promising prospects for new commercial construction contracts across the Arc region.
The Arc will cover a vast area spanning five counties – Oxfordshire, Beds, Bucks, Northants, and Cambridge. The development will be supporting over two million jobs an is considered one of the fastest-growing regional economies in the UK, valued at approximately £110 billion.
The new £150 million Moderna Innovation & Technology Centre, a research and manufacturing facility, is one of the flagship projects. It will be located at the Harwell Science and Innovation Campus near Oxford. Scott Brownrigg has been appointed as the architect for the scheme, which is currently in the pre-tender phase. The project is expected to begin later this year and continue for 24 months.
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