Cost model: Regional science parks

DiscoveryDrive_ScottBrownrigg

The UK needs 10 times more laboratory space just to meet current demand, and the life sciences sector is growing exponentially – a strong market opportunity for developers and investors. Aecom’s Alison Wring walks us through the factors influencing cost and design in this innovative sector

DiscoveryDrive_ScottBrownrigg

Source: Scott Brownrigg

Prologis’ £45m 1000 Discovery Drive will provide 105,000ft2 of flexible laboratory and office facilities

01 / Introduction

London is home to many world-leading scientific institutions, but laboratory space in the capital is at a growing premium. The so-called Knowledge Quarter – the compact enclave comprising King’s Cross, the Euston Road and Bloomsbury – is in particular demand, due to its high concentration of biomedical facilities such as the Francis Crick Institute and ongoing investment from the world-class research bodies situated there, ranging from UCL to the British Library and the Wellcome Trust.

But if the UK’s science capabilities and output are to continue to expand, more high-quality research space is needed. Former UK Research and Innovation chairman John Kingman has stated that for the UK government to achieve its goal of growing scientific research and development (R&D) to 2.4% of GDP from its present 1.7%, it requires the UK to lift total economy R&D from £37bn a year now to £68bn in 2027, with the scientific workforce also needing to increase by 50%. This could mean that an additional 240,000 researchers and technical staff are required across all research fields. A more modest requirement of 133,000 additional skilled scientific roles will be necessary to meet the government’s goal, according to the Life Sciences 2030 Skills Strategy.

While some institutions and developers are repurposing existing assets to house these workers, new-build facilities are also urgently called for.

Read more…

This is PREMIUM content, available to subscribers only

You are not currently logged in. Subscribers may LOGIN here.

SUBSCRIBE to access this story

Gated access promo

SUBSCRIBE for UNLIMITED access to news and premium content

A subscription will provide access to the latest industry news, expert analysis & comment from industry leaders,  data and research - including our popular annual league tables. You will receive:

  • Print/digital issues delivered to your door/inbox
  • Unlimited access to building.co.uk including our archive
  • Print/digital supplements
  • Newsletters - unlimited access to the stories behind the headlines

Subscribe now 

 

Get access to premium content subscribe today