Silverstone Park has celebrated its 10th anniversary under the management of MEPC and published a new website.
The 961,000 sq ft technology and business park, on the Buckinghamshire-Northamptonshire border next to the Silverstone Grand Prix Circuit, was acquired by asset manager and developer MEPC from the British Racing Drivers’ Club in September 2013.
Under MEPC’s management, the number of companies located there has since grown from around 50 to more than 90 – the majority of them operating in advanced engineering and manufacturing, electronics and software development.
Cutting edge tech companies at Silverstone Park include those in growing in sectors such as aerospace, agritech, automotive, defence, energy, marine, medical devices, motorsport, scientific research, security and space.
Planning consent has already been granted for MEPC to proceed with a further 1.5m sq ft of commercial development.
Chris Kimber-Nickelson, commercial director at Silverstone Park, said: “When MEPC embarked on this journey, we understood the importance of creating more than just office buildings and warehouses.
“We envisioned a place where innovation would flourish, where businesses would thrive, and where collaboration would be at the heart of it all. Over the past 10 years, MEPC has transformed Silverstone Park into a shining example of what can be achieved when vision and dedication converge.
“MEPC’s unwavering dedication to the local community is evident in the partnerships and initiatives that have flourished here. This technology and business park has not only created job opportunities but has also actively engaged with local schools, charities, and organisations, ensuring that the benefits of its success are shared with the wider community.”
MEPC is the commercial property development and asset management arm of Federated Hermes.
Chris Taylor, chief executive real estate for Federated Hermes, said: “Our vision for Silverstone Park when we purchased it in 2013 was to build on the history, heritage and global reputation of the Silverstone Circuit, creating a home for engineering, innovation and business development beyond the world of motorsport.
“Global capital increasingly gravitates to best talent and we believe that the unique high performance technologies associated with motorsport plays to this theme, which is attractive to growth sectors of the economy, such as healthcare and energy transition.
“This created an opportunity for us to replicate the success of our Milton Park life science cluster near Oxford, by creating a destination for these industries within the Oxford-Cambridge ‘technology arc’.
“As our development partner, MEPC has played an intrinsic role in turning our vision into a reality over the last decade and today Silverstone is a state-of-the-art environment for high-tech companies in the UK.”
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