Plans for the largest new science park to be developed in the UK, based in Bristol, moved a step closer last night when Bristol council approved the proposals.
The £300m park, to be built in Emerson Green in Bristol, is a joint venture between the South West Regional Development Agency and private partner the Quantum Property Partnership, which is made up of Quintain Estates and Morley Fund Management.
The developers can now work on details of the first building at the 10-year project, called SPark, including a 70,000 sq ft Innovation Centre.
Lorelei Hunt, director of innovation at the South West of England Regional Development Agency, said: ‘Our remit is to support a sustainable economy in the region, and SPark will play a major role in achieving this by attracting new businesses to the area.’
Quantum Property Partnership spokeswoman Tonianne Dwyer said: ‘Over the last year we have translated the SPark vision into a viable masterplan that will provide world-class facilities for fledgling businesses.’
The SWERDA bought the 49 acre site for SPark in 2004.
The three local universities – Bath, Bristol and the University of the West of England – are working with Quantum on the site.