Reading: The University of Reading spends £50m science park to nurture innovation
The University of Reading is to spend £50 million to kick-start its Science and Innovation Park project in Shinfield.
The university’s governing body has approved £25m to put in infrastructure on the site north of Cutbush Lane.
A further £25m will be spent completing the first phase of the park which will cement the Thames Valley as “one of the most successful economic sub-regions in Europe,” according to university vice-chancellor Sir David Bell.
Sir David said: “There is a substantial market in the region for such a facility, with no dedicated science park currently operating in the Thames Valley or London. We expect strong demand from both UK and international companies seeking a prominent Thames Valley location.”
The development will bring major employment in the form of high-value, skilled jobs.
