Category Archives: Commercial Property

Commercial Property, London News, News, North of England

Flex Space to increase 50% in four years

Hybrid working policies are driving demand in the flexible workspace market as companies are using coworking and serviced offices at record levels.

In its annual UK Market Research Report, The Instant Group’s data shows that demand for flex space across the country is up 22% in the last 12 months. Regional cities – such as Leeds and Manchester – are leading the way in this increase but the latest market data shows a recovery in central London.

The size of the space being taken with flex operators has also increased by 44% since the pandemic as larger companies incorporate more flexible workspace in their real estate portfolios.

With demand for flexible space eclipsing pre-pandemic levels, the result is that the supply of new centres is growing and diversifying at a rapid rate. New supply is primarily coming from traditional landlords. GPE has announced that it aims to grow its flex offering from 13% to 25% of their total portfolio by 2027, and CBRE have taken over 40% of Industrious to boost their flex product. Many other landlords are already following suit, shaking up the flexible landscape in the UK.

Supply of new workspace grew at 5% throughout the pandemic but that rate of growth is expected to double this year. The number of flex spaces will double by 2026 and account for more than 150m sq ft of office space in the UK, or 10% of total UK office space.

Despite the increase in supply, average workstation rates are up 4% on H2 2021, currently averaging £408 pcm across the UK. This is primarily due to demand in major cities picking up as well as operators increasing rates to cover inflationary costs.

Lucinda Pullinger, UK Managing Director, The Instant Group, said: “Flex space is now a critical component of most companies’ office strategy. Hybrid working has entrenched the role of serviced offices, coworking and meeting rooms. After the ups and downs of the past two years, it is very exciting to see growth in markets such as central London again.

“However, we would sound a note of caution that recessionary fears are likely to see some organisations put their office moves on the back burner in H2 as they watch the wider macro-economic picture play out. With more landlords entering the market in the next 24 months, there will be an increase in supply to meet current demand levels with the flex market set to become an increasingly competitive market.”

Instant’s data is based on its market leading flexible workspace platform which placed customers in flexible workspaces in over 225 cities and towns across the UK in the last 12 months.

Commercial Property, News, North of England

Huge warehouse development now underway at North West Business Park

  • Development of 161,000 sq. ft of flexible warehouse space is now underway at Birchwood Park, the North West’s leading out-of-town business destination
  • The build follows Birchwood Park’s successful first and second phase of its Cavendish Warehouse development, which saw all units let within a year of completion

PATRIZIA-managed Birchwood Park, the North West’s leading out-of-town business destination, has this month (June 2022) started work on its latest speculative industrial development, which is set to bring 161,000 square feet of warehouse space to the region.

Construction commenced in June 2022, with a view to completion late Q1 2023, forming the third phase of the Park’s Cavendish Warehouse scheme and will be comprised of two 19,000sq. ft warehouses, a 29,000sq. ft warehouse and larger 94,000sq. ft warehouse.

Each of the four new, high-quality warehouses will offer above industry average office content (up to 15%) and will be expertly designed to support companies that need large industrial units to accommodate a range of uses. The development will provide occupiers with versatile units to accommodate businesses looking for high quality, secure warehouse space, located in a community centred environment, with the flexibility to increase office space as required.

This latest wave of construction follows a highly successful second phase of Cavendish Warehouse development, which was completed in 2020 and which saw all units let within 9 months, and will see Birchwood Park continue its speculative building push in answer to the increasing demand for top-grade warehouse space of this size in the surrounding Warrington area.

Martin O’Rourke, commercial director at Birchwood Park comments: “This third phase of our Cavendish Warehouse development is a particularly exciting one, allowing us to plug the gap for premium, and much-sought-after, flexible industrial space of this size in the Warrington area.

“We’ve taken on board experience from initial phases of the development and placed an emphasis on greater flexibility to meet the needs of both current or future occupiers when it comes to adapting this industrial space. By obtaining planning consent for additional office space and producing adaptable designs which allow occupiers to easily configure the units to suit their own requirements, we’re able to offer the very best for those looking to join the established business community already based here at Birchwood Park.”

Once completed, new occupiers will join the likes of global medical diagnostics company, Werfen, and global manufacturer, BiSN, alongside British Engineering, Kleentex and Harris Group.

Each warehouse unit will feature a secure yard, on-site parking, and be -situated within easy access of Junction 11 of the M62. Occupiers will be able benefit from all the added amenities that come with being located on Birchwood Park; a free shuttle bus service to Birchwood station, discounted gym memberships, access to exclusive discounts and services via the Birchwood Park app, and its all-day ‘Meet Eat Work’ facility, the Engine Rooms.

Martin continued: “We’re seeing a rise in demand from companies looking for industrial space which creates the right impression for their clients, and offers the best possible environment to attract and retain the best possible staff, and our Cavendish development does just that.

“After the successes recorded at Cavendish Place so far, we’re looking forward to delivering the same impeccable standard that Birchwood Park is renowned for, and we’re excited to see continued growth within the park in this next chapter in our industrial development.”

Designed by architects AEW, Caddick Construction has been appointed as main contractors for the project, with Warrington Martin having been appointed as project managers and quantity surveyors. BDP Structural has been appointed as structural engineers and the planning process was overseen by Turley’s, with Crookes Walker providing advice on M&E and Vectos providing highways advice. B8 Real Estate and JLL are joint agents acting on behalf of Birchwood Park.

To discover more about what Birchwood Park can offer your business, head to https://www.birchwoodpark.co.uk/space-to-let/warehouses/

Commercial Property, Construction, News

Small-scale development projects need a secret weapon – a Project Manager

written by Ritchie Clapson CEng MIStructE, propertyCEO

I’ve been in development for forty-odd years, and for my money, small-scale conversions are much easier than a refurb or a flip, and that’s mainly because you can afford to hire better people to do more of the work that you might otherwise have done yourself. The budget for a flip might be several tens of thousands. However, a small conversion project where commercial property is converted to residential is likely to run to a few hundred thousand pounds. And the most important thing this larger budget allows you to do is hire is a Project Manager.

Many new developers consider managing their own projects, presumably to save money or perhaps because they think they will enjoy it. I would strongly advise against it. With a refurb or flip, you’ve little choice but to adopt a DIY approach since your budget won’t stretch to hiring a project manager. But with a conversion project, the budget is available, and having a good project manager on board will completely transform your experience as a developer.

Here are my top five tips for bagging yourself a peachy Project Manager:

  1. Recommendations

Construction project management is a defined role in the construction industry, and there are many to be found working up and down the country. If you can, the best way of finding a good one is through word-of-mouth recommendations. Speak to other professionals such as architects and contractors to see if you hear any common names, and then go and interview them personally. Of course, you can always start with an online search to come up with a few names if you’re just starting out, but when you meet them, be sure to ask for references from their previous and existing developer clients.

  1. Good relationship

Your project manager doesn’t have to be your best friend for life, but you must be able to get along. They are your eyes and ears on the ground, and they will almost certainly pay for themselves through the tighter controls that they’ll bring to your scheme. They’ll raise any issues with you and will be able to guide you based on their experience. In short, they will be the most valuable member of your team, so it makes sense to appoint someone with whom you can get along. If you’re speaking to a larger practice with several Project Managers on their team, make sure you have met in person the individual that would be appointed to your project.

  1. Appropriate experience

As development projects come in a wide range of shapes and sizes, from large new-build housing projects to small-scale conversion schemes, make sure that your project manager has experience doing the sort of project you’re looking to do. Ask them about similar projects they’ve done and see if you can speak to their clients to get some direct feedback, both good and bad. Conversion projects are different from new builds, so make sure they have the right track record.

  1. Avoid a clique

Recommendations can work both ways, and there’s no harm in asking your project manager for other professionals they recommend. After all, your interests are going to be aligned. You don’t want any lazy, inept, or unreliable people on board, and your Project Manager certainly won’t either. However, just be careful about creating a clique. If the Project Manager and the contractor are bosom buddies, you need to be confident that the former will call out the latter if they do something wrong. You won’t want any mistakes brushed under the carpet or, worse still, marked up as ‘sundry items’ and appearing on your bill.

  1. Go local

You ideally want to find a project manager who lives within striking distance of your project. There are several benefits to this. The first is a practical one: they’ll need to go to the site several times a month, and so it will cost you more if they have to travel long distances to get there. Also, it can often pay dividends for the Project Manager to have local connections. There’s a fair chance they’ll have worked with some of the other professionals on your team before, plus they’ll know other local professionals and contacts that can be called on if needed.

ABOUT THE AUTHOR

Ritchie Clapson CEng MIStructE is a veteran property developer of almost 40 years and co-founder of propertyCEO, a nationwide property development and training company that helps people create a successful property development business in their spare time. It makes use of students’ existing life skills while teaching them the property, business, and mindset knowledge they need to undertake small scale developments successfully, with the emphasis on utilising existing permitted development rights to minimize risk and maximize returns.

https://propertyceo.co.uk/

Commercial Property, News, North of England

North west business park welcomes flurry of new businesses

The North West’s largest out-of-town business destination, Birchwood Park, has welcomed five new small businesses to the park, taking up six small suite office spaces between them.

This latest wave of new lettings comes following an uplift in enquiries from small and medium sized enterprises looking for ready-to-let space at Birchwood Park.

As well as the positive business outlook on bouncing back post-pandemic, another driving factor in the taking-up of small suite spaces is the Park’s flexible leasing offer. Small suites at Birchwood Park are given the freedom to move quickly to suit the business, as they are not immediately tied in with a long lease.

Birchwood Park’s all-inclusive suites offers businesses a range of small office spaces for up to 20 people. The quick and easy leasing process, as well as the ability to upgrade office spaces, allows organisations to either expand or scale down in line with business requirements and is a key factor within the small suites model.  Having the flex to move around particularly before agreements have expired, gives Birchwood Park’s small suite occupiers continuity and ease to grow their business.

The latest small businesses set to join Birchwood Park over the coming weeks span a variety of sectors; they include medical communications company Simplifying Science®, school software provider October Resolutions, trade union Prospect, leading health and safety practice PM Connections and recruitment provider LivRecruit.

One of the new occupiers, Simplifying Science®, works with international pharmaceutical companies and clinical research organisations to translate complex medical and scientific documents into every-day language.

The company believes the excellent transport links to Manchester, Liverpool and the rest of the North West will put the business within reach of a larger geographic population, giving access to a wide range of customers and possibilities for new recruits.

New occupier October Resolutions is a developer of timetabling software for schools, both in the UK and in 90 countries around the world. It has chosen to move to Birchwood Park for its various amenities, such as the on-site cafés, restaurants and gym, as well as the green open-spaces surrounding the park grounds.

Linda Welsby, Leasing Manager at Birchwood Park who specialising in small suites lettings, commented: “We’re delighted to welcome a batch of new smaller businesses to Birchwood Park. It’s clear that North West businesses are looking forward with positivity, given the influx of enquiries we’ve experienced on the Park, but that flexibility is key when it comes to matching the office space requirements of these businesses.

“At Birchwood Park, we offer exactly that; flexible contracts and office spaces perfect for small businesses looking to grow, as well as take advantage of the various on-site services and events available exclusively to employees as perks of the park.

“We hope by joining us, businesses can take full advantage of Birchwood Park’s location – right in the heart of the North-West and perfect for accessing local talent pools in Manchester and Liverpool”.

Birchwood Park’s on-site amenities have certainly been proven to be a pull-factor for many outside businesses seeking occupancy at the Park. These include the green open spaces, numerous cafés and restaurants, as well as the Park’s gym, Alive & Well being made available to occupiers for a discounted rate. Additionally, the unique wellbeing event and amenities offer provide a bank of ready-made wellbeing services for occupiers to take advantage of upon immediately joining Birchwood Park.

Speaking on behalf of Simplifying Science®, Director Chris Birchall added: “We’re thrilled to be relocating our office to Birchwood Park. We understand that the park cares very much about promoting employee wellness and workplace wellbeing, as do we.” Company Founder, Danielle Birchall, remarked “That is one of the reasons why we moved to Birchwood Park, as our staff will be able to take full advantage of the great facilities available here, such as the EngineRooms and the on-site nursery”.

Chris Johnson, Director at October Resolutions, also commented on the move: “The location was a driving factor in our move to Birchwood Park. Situated right in the heart of the North West, the Park will open up recruitment opportunities by giving us access to talent pools across the region.

“As well as the location – our staff look forward to taking full advantage of the green, open spaces and excellent facilities available at the Park. Given that we do a lot of posting this time of the year, having a mail-room on-site is ideal for us”.

To find out about the diverse range of office spaces available at Birchwood Park, please head to https://www.birchwoodpark.co.uk/space-to-let/ or call the team on 01925 851536.

Commercial Property, News, North of England

Technology park plans drawn up for Barrow-in-Furness

Holker Group has announced plans to develop a 14.3-acre technology park near Barrow-in-Furness, Cumbria.

 The commercial property arm of the 17,000-acre estate, which is owned by the Cavendish family, has submitted a planning application to Barrow-in-Furness Borough Council to convert the land, which sits adjacent the Sowerby Woods Business Park, into industrial use.

 The land has already been identified and allocated in the Local Plan for industrial development, suitable for E(g), B2 and B8 uses. Holker Group would complete a phase one development of six high quality units, each of 3,000 sq ft, and two 6,000 sq ft units, with associated vehicle and bicycle provision and servicing, in 2.289-acres of the north west corner.

 Further phases would see a further four units ranging from 3,358 sq ft to 45,000 sq ft, built. The scheme would also include extensive landscaping with native trees and shrubs, which would provide valuable habitats for wildlife on land that is considered poor quality for agricultural use.

 Allen Gibb, chief executive of the Holker Group, said Barrow-in-Furnace is at the heart of the UK defence industry, with the new Dreadnought class submarine programme based at the Barrow shipyard, which has fuelled demand for complementary technology companies to look to the area to set up business.

 “This is a superb opportunity to attract more quality businesses and jobs to Barrow,” he said. “The site is poor-quality agricultural land and has long been allocated as a site for industrial development. With economic prospects for the area looking positive, now is a great time to look at putting the plans for the technology park into place.

 “This proposed new-build business park in Barrow is testament to Holker Group’s long-term investment in the South Lakes. We hope that the park will not only attract businesses looking for new premises in the area, but also those looking to move here to take advantage of the highly skilled workforce.”

Mr Gibb said Holker Group was looking at options for the delivery of the site and would be happy to talk to potential occupiers and investors and partners.

The technology park will sit close to the A590, which is the main trunk road from the M6 into Barrow-in-Furness town centre, which is less than ten minutes’ away.

Holker Group was advised on the development by Pentle Land and Property, Kate Bellwood Planning, Unum partnership, Alan Davies (Highways), MPG Consulting, PDP Cumbria, and Envirotech.

 

Commercial Property, Midlands News, News

Investment opportunity goes on the market for £4million

A five-acre industrial site on one of the Midlands’ largest industrial estates has gone on the market for more than £4million.

Award-winning commercial property agency Bromwich Hardy says there has already been strong interest in the 5.3 acre site at Colliery Lane on the Bayton Road Industrial Estate in Coventry.

Bromwich Hardy partner David Penn says the site is made up of 16 yards – some with buildings – the majority of which are occupied and are owned by a single-asset property company.

“This is a first class and very rare opportunity to invest in yard space in an area where there is considerable tenant demand.

“The site is forecast to be returning a gross income of more than £270,000 by November this year, with a yield of 6.7 per cent, and there are excellent asset management opportunities to be had here in respect of many of the yards.

“We’ve already had considerable interest from a number of quarters which is a reflection of the site’s excellent location, close to junction three of the M6, and the long-term opportunity the sale represents.

“It is exceptionally rare for a site of this size and scale and with these opportunities to become available and the degree of interest we have already received clearly represents this.”

Bromwich Hardy is one of the country’s leading independent agencies, regularly featuring at the top of industry league tables in Coventry, the West Midlands and further afield.

For more information about Bromwich Hardy visit https://www.bromwichhardy.com/

Commercial Property, News

The Office is back: Research reveals the ultimate working week formula, as 95% of employees say they’re ready to be back in the workplace

As ‘work from home’ advice ends and workers are encouraged to head back to the office, a study by the north-west’s largest out of town business park, Warrington-based Birchwood Park, has revealed the majority (82%) of us are happy to be heading back into the office at least 2 days a week – but employees have extra demands to improve satisfaction at work.

With 95% of people shunning working from home every day, Birchwood Park’s research revealed the reasons behind this shift in attitude towards homeworking lay in the impact on work-life balance and convenience.

Amongst the biggest factors having a negative impact on our lives whilst working from home are increased screen time and longer hours (45%), feeling disconnected from our colleagues (44%), and increased difficulty in switching off at the end of the day (32%).

Additionally, the office has a key role to play beyond work with 73% of workers valuing the ability to socialise with colleagues above all other benefits.

However, it’s clear employers need to do more to support staff in transitioning back into office-based working, with less than 50% of those surveyed expressing that the company they work for is doing enough to support workplace wellbeing.

Coming out as the top areas in which employees would like to see the most improvement from their employers is the introduction of flexi-time, greater flexibility to work from home as required, and adaptations to the workplace such as break out areas, quiet working facilities and desk adaptations for greater comfort.

Commenting on the findings, Martin O’Rourke, Commercial Director at Birchwood Park, said: ““After almost two years of home-working for some, the results are very clear – people want to return to the office, and we’re seeing an increase in interest in office space here on the park as a result.

“However, it is troubling to learn that many do not feel that their wellbeing is thoroughly supported by their employer. That’s why we’ve launched our Workplace Wellbeing hub – to help employers understand that the office plays a much bigger role than simply being a place to work, and offer advice on how to better support their staff at work.”

As part of Birchwood Park’s ongoing commitment to facilitating wellbeing in the workplace, the business park’s content hub is its latest initiative to help make improving staff wellbeing easier for a business, and will feature a handbook developed in collaboration with workplace wellbeing expert and founder of award-winning Rener Wellbeing, Khalil Rener, alongside a charter calling for all businesses on the park to commit to best practise advice.

Speaking about the project, Khalil Rener commented: “It’s refreshing to be working with a business destination so committed to supporting the wellbeing of employees across multiple industries and sectors, and our hope is that Birchwood Park’s Workplace Wellbeing Handbook will act as a catalyst for change for businesses.

“With government advice shifting away from a ‘work from home order’, it yet again means change for businesses and employees alike which is tough. Yes, the novelty has worn off when it comes to working from home so it’s not surprising that 95% of people do not wish to work from home full-time, but it’s vital that employers don’t assume it’ll all be plain sailing as soon as we’re back in the office. Our aim is to provide clear guidance on the journey back to office-working, ensuring it is a smooth transition for employers and their team.”

For more information on Birchwood Park’s campaign to improve workplace wellbeing and support in the transition back into the workplace, visit https://bit.ly/3sFCVqN

Commercial Property, News, Security

Heras launches new and upgraded products

Heras has announced the launch of the new Delta sliding gate and a significant change to its flagship B700 turnstile as part of a plan to strengthen its core product range of permanent perimeter protection and entrance control solutions in the UK.

The Doncaster-based company recently announced a move to a simplified range of solutions, and the introduction of the Delta sliding gate and enhancements to the B700 turnstile are the first changes to its product portfolio to be unveiled.

Heras – which is Europe’s leading end-to-end supplier of permanent and mobile perimeter protection solutions – is targeting sales of both Delta and B700 to sites such as warehousing hubs, data centres, food processing and distribution centres, healthcare facilities, and manufacturing plants that need secure access points to their sites.

Product Manager Jonathan Broughton said that Heras has acted quickly following its Europe-wide product review last year to identify sales growth opportunities, and the modular nature of the Delta gate makes it an ideal option.

He said: “Delta is one of the best-selling sliding gates across Europe, and its introduction into the UK will be a great platform from which to work closely with site owners and operators who want to improve the opening and closing speed of sliding gates, cut costs for repairing gates that have been struck by vehicles and reduce unauthorised site breaches at entrance points.”

 

Delta sliding gates

Delta comes in two models and has opening widths ranging from 3 m to 9.5 m for single gates or 6 m to 19 m for the double-gate option. Its gate heights range from 1.8 m to 2.5 m, and it is one of the fastest sliding gates on the market at a rate of up to 0.5 m per second for each gate, providing a possible speed of 1 m per second on double gates.

Heras sees the speed capability as a definite unique selling point for Delta. After all, whenever an entrance is open, the security of the premises is momentarily compromised. The faster the gate can open and close, the less waiting time for the user and the overall quicker resumption of optimum security. Of course, the notable extra speed doesn’t compromise safety, as Delta is also fully compliant with safety standard EN 12453:2017+A1:2021, and a raft of safety features are inbuilt accordingly.

The modularity of Delta poses a trio of secret weapons for operators and installers alike. The first is that it has an aluminium under beam with a steel frame and steel bars, making it a lightweight solution compared to other gate systems – this means there’s no heavy lifting equipment required to install Delta. For example, it can be easily installed in less-accessible areas, such as underground car parks.

The second is that component parts of the sliding gate can be replaced – instead of having to replace a complete unit in the event of being struck and damaged by vehicles entering or leaving sites such as warehouses and distribution hubs, which have HGVs entering and leaving round the clock.

The final key modular benefit is the ease with which a gate once installed can be serviced or upgraded, as most components can be individually replaced.

Delta can also be included in Connect, a cloud-based portal that offers real-time insights into the status of entrance control systems, with remote monitoring of user access and automatic alerts and notifications via smartphone, tablet or PC. Connect also enables users to open access systems via mobile phone, as well as enables Heras to provide remote and proactive monitoring of the systems.

 

B700 turnstile

B700 is already Heras’s best-selling turnstile and is installed at Premier League football stadiums, the distribution hubs of the UK’s leading supermarkets, contact centres for banks and refineries for leading names in the petrochemical industry. It’s also used at breweries that produce probably the best lager and dry stout in the world!

Key features of B700 include its canopy – which acts as a physical and visual deterrent at perimeter breach points – and its availability as a single 120° rotor spacing with a straight or trombone arm in a variety of finishes (galvanised, coated or stainless steel). Also, its operation and control features include a robust steel electro-mechanical head mechanism that has a number of security locking options. The locking options in tandem with sensors provide feedback for monitoring access control systems – which means that in the event that the turnstile will not rotate, it is possible to test the system using a card reader isolation and test key switch for a quick fault diagnosis.

Like Delta, B700 can also be included in Connect, which provides information about the status of entrance solutions provided by Heras (and other suppliers). It monitors all key components 24/7 and translates this monitoring into practical information for facilities managers.

 

Mr Broughton added: “The last few months have seen lots of positive, product-focused changes at Heras, which are enabling us to help businesses protect their sites and have improved entrance control management.”

 

To learn more about Heras, visit www.heras.co.uk.

Commercial Property, Midlands News, News

International hygiene company finds new HQ thanks to Bromwich Hardy

A leading hygiene company is on the move to new headquarters thanks to award-winning commercial property specialists Bromwich Hardy.

Citron Hygiene has signed a five-year lease to make Ceva House in Ashby de la Zouch its new UK HQ in a deal concluded by the Coventry-based agency.

Citron has taken more than 3,000 sq ft of space on the ground floor of the Grade A office development, which sits close to junction 13 of the M42.

The company, which provides bespoke managed washroom & hygiene services, has its international headquarters in Canada, and supplies and services more than 30,000 commercial premises across the UK.

Bromwich Hardy’s Michelle Mills negotiated the deal just 12 months after helping the company find six new sites across the UK covering more than 35,000 sq ft of space, to help it meet its strategic growth plans.

“We are delighted to have been able to find this excellent property for Citron and help play a further part in their continuing success,” said Michelle.

“The offices are superbly equipped and well located and are ideal for Citron as the company continues to grow across the UK.”

The deal was tied in with negotiating a surrender of Citron’s current warehouse in Bardon, Leicestershire, from where they are relocating their finance and corporate development team.”

Robert Guice, CEO at Citron Hygiene, said: “In line with our rapid growth strategy and continued expansion, the move to a new headquarters seemed only a natural progression for the business.

“Our new home supports Citron’s ongoing recruitment drive with state-of-the-art facilities available for our staff and customers to reap the benefits as we continue to cement our position as a market leader in the washroom hygiene space.”

Avison Young acted for the landlord over the deal.

It is the latest success for Bromwich Hardy, which consistently features at the top of the rankings for most successful commercial property agencies both in the West Midlands region and further afield.

Commercial Property, News, South East

Innovation and Collaboration are key to success at Surrey Research Park

Surrey Research Park’s 2021 Annual Review, published today, celebrates another year of outstanding innovation and growth.

Looking ahead, the CEO of Surrey Research Park, Grant Bourhill is focused on facilitating rapid scaling of businesses, transitioning the Park to energy and environmental sustainability, and expanding the innovation community further to help cement the Park’s reputation as a key component of the national innovation ecosystem.

With businesses on the Park providing over 4,500 jobs and achieving over £1 billion turnover, the Annual Review showcases the breadth, depth and success of businesses that are making substantial contribution to the local, regional and national economy.

Home to over 200 companies from start-ups through to global corporates, the community at Surrey Research Park is strengthened by the interconnection between companies on the Park and strong collaborative links with nearby innovation partners such as the Royal Surrey County Hospital and the University of Surrey.

While technologically broad, Surrey Research Park has significant clusters of excellence in space, animal and human health, digital (from cyber through to digital games) and the environment – clusters that mirror priority sectors in the UK’s Innovation Strategy.

Grant Bourhill, CEO of Surrey Research Park comments: “We are extremely proud of our growing community and the success of the businesses located here.  The achievements detailed in the Annual Review are remarkable given the challenges faced by everyone throughout 2021.  It is testament that at Surrey Research Park we have a vibrant innovation community that gets things done.”