First Pre-let “zooms” into Milton Park Enterprise Zone
Signs of success for one of the UK's Enterprise Zones with first letting announced
Construction work is nearing completion of a group of twelve speculatively built high tech units in the Milton Park Science Vale Enterprise Zone aimed at growing SME’s. MEPC has already leased two units totalling 3,090 sq ft to Formula One supplier; 3D NC.
Andrew Barlow, commercial director at MEPC, explains, “It is exciting to be able to announce 3D NC as the first letting in a new development in the Milton Park Enterprise Zone and, significantly for us, demonstrates why we must continue to invest in speculative schemes like this. We believe that this is the first letting in a speculative development within an Enterprise Zone anywhere in the UK. As soon as the EZ announcement was made we focussed on delivering these units to the market quickly to create opportunities for jobs growth and interest in this development is very high”
3D NC is a precision engineering firm which supplies metallic components to the motor sport sector, primarily Formula One. Director Darren Philips adds, "We needed modern, hi spec premises to expand and develop our business. The new units at Milton Park give us a contemporary environment at a prestigious location."
The development consists of twelve new hi-tech business units ranging from 1,500 sq ft to 3,090 sq ft which can suit a variety of companies which have taken only six months to be built, all to a high standard. As these new buildings are within the Milton Park Enterprise Zone, business rates relief is a significant saving for occupiers.
Andrew Barlow said: “Enterprise Zone status allows development to be fast tracked, giving us a completely different planning environment. This enables a rapid response to the needs of growing companies, to create the jobs so vital to the economic performance of this region. This scheme gets the EZ off the starting grid, with up to 70 acres of the Park being designated for development. We can offer a range of options for small start up companies, to larger more established businesses, all within a fast growing and highly successful business community.”
For more press information, please contact Stephen or Zoe at SRF on 01252 850540, or email zoe@communicationmatters.co.uk
Milton Park
Purchased by MEPC in 1985, Milton Park is a thriving commercial environment and one of Europe’s largest business and science parks. Over 200 occupiers employ over 6,500 people to work at Milton Park. Close to the M4 and M40 and with fast rail links from Didcot Parkway to London, Bristol, Oxford and Reading, Milton Park is an ideal location for national and international business.
For more information, please visit: www.mepc.com/miltonpark
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