Legal & General to develop major science and innovation district with University of Oxford
Legal & General announces that it will fund and deliver a new innovation district with the University of Oxford, extending Oxford’s existing Begbroke Science Park across an adjacent 14-hectare site.
The first phase of the scheme will bring forward new teaching facilities for the universities Mathematical, Physical and Life Sciences departments, as well as providing space to incubate spin-out companies. Future phases will also seek to develop 2,000 new homes, with a mix of affordable tenures and subsidised key worker accommodation.
The new Begbroke innovation district forms part of Legal & General’s £4bn partnership with the University of Oxford; Oxford University Development (OUD). By building out a network of high-quality research and innovation facilities, alongside affordable homes to accommodate students and teachers, the Partnership is seeking to retain talent in the city, boost the economy and support spin-out and scale-up businesses. The wider masterplan for Begbroke will create a ‘live/study/work’ environment, with ambitions to include a hotel, restaurant, bars, cafes, shops, educational, community and sports facilities.