Oxford Sciences Innovation portfolio of spin-out companies forecasted to need at least 35,000 sqm (375,000 sq ft) of commercial property by 2025.
Barely a week goes by without an announcement for a product launch, fund-raising, or new company start-up from the Oxford Sciences Innovation portfolio.
The £600m venture company started in 2015 and already has 53 spin out companies in its portfolio which has generated over 400 jobs. Their (conservative) projection is for this to hit 1,000 jobs by 2020 and grow by around 500 year on year after that. Companies span across Medical, Engineering and Data/A1.
This is a fantastic success story for Oxford, and the projection translates to the OSI portfolio companies occupying more than 35,000 sq m (375,000 sq ft) of office, laboratory and production space by 2025.
Clearly this needs to be planned for, otherwise, there is a risk of losing these companies through lack of basic infrastructure, which would be damaging to Oxford’s economy.
There is an immediate need for central Oxford based laboratory space with several possibilities being explored in Oxford over the next few months. Within 3 years they aim to have several permanent new laboratory and innovation buildings in Oxford.
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