The Crown Estate has acquired 221 acres of farmland next to Harwell Campus as part of Government plans to invest £1.5 billion into science and innovation.
The Harwell East site could house 4.5m sq ft of office, laboratory and manufacturing space and up to 400 new homes.
The investment means the land will be added to the extensive portfolio of the Crown Estate.
Dan Labbad, chief executive of the Crown Estate, said: “The ambition of Harwell East is to create the space for great science to flourish, and to fuel growth and success not just in the region but for the benefit of the whole country.”
The science minister Lord Vallance said: “Opening up Harwell East could help the brilliant businesses and innovators based here to expand and tackle the great challenges of our era, with access to the labs, facilities, and homes they need to do their work.
“The vast economic potential of this site underlines precisely why we are determined to fully unlock the Oxford-Cambridge growth corridor, as an engine for nationwide growth.”
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