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University of Reading to develop Science and Innovation Park

University of Reading to develop Science and Innovation Park
The University of Reading is playing a major role in the development of a new Science and Innovation Park in the Thames Valley.

Officials explained that institute has given the go-ahead to the £50 million scheme and will invest £25 million to build the first three labs and site infrastructure at the facility. The money has been generated through a partnership between the university and Wokingham Borough Council after the local authority granted planning permission to develop phase one of the Science Park back in 2010.

The main focus of the development is to drive the region's knowledge economy with an onus on technology-led companies looking for a strategic location and access to high-quality research and graduate support which can be provided by the university. The University of Reading already boasts a rich history of running specialist facilities to used within the research and development (R&D) market. Its Whiteknights campus currently hold 80 companies with staff number hitting over 750.

Sir David Bell, vice-chancellor of the University of Reading, said: "The University of Reading's commitment to invest in a new Science and Innovation Park underlines the vital contribution this university makes to the Thames Valley's position as one of the most successful economic sub-regions in Europe.

"The provision of dedicated facilities and services will provide a platform for the regional knowledge economy to thrive."

While phase one will see the creation of 200,000 sq ft of laboratory buildings and a Gateway building officials explained that the full development is not expected to be completed for 25 years. The Science and Innovation Park will also have key transport links sitting close to London and Heathrow while clusters of knowledge-based operations will be created in the Thames Valley.

The University of Reading has been situated in the city since 1926 and is currently ranked among the top 200 institutes across the globe. Following a merger with Henley Business School it is now able to a full range of BAs and MBAs qualifications.

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Date: 16/07/2013 13:30:32

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