Science Minister Lord Vallance praised the Oxford North development on a trip to the scheme.

The February 9 visit to the £1.2 billion innovation district is the latest landmark in the scheme’s development.

Lord Hague of Richmond officially opened the scheme in September and Olafur Eliasson’s public artwork has been unveiled in its new two-acre Fallaize Park.

Lord Vallance said: “Oxford North is a hotbed for innovation which will help us secure the UK’s status as a global powerhouse in industries like quantum computing and life sciences.

“All the right ingredients are here – from infrastructure and talent to opportunity and innovation and this new site will empower talented teams to realise their potential and drive British-made breakthroughs.”

Supporting the UK’s competitive edge

Simon Ruck, managing director of Oxford North Ventures, said: “Lord Vallance’s visit to see our first phase open including the fitted laboratories, is testament to the national significance of Oxford North.

“His recognition of our role in the Government’s growth strategy validates our vision to deliver world-class infrastructure that supports the full lifecycle of innovation, from university spin-outs to multi-national corporations.

“This visit underscores the critical importance of purpose-built regional innovation districts in maintaining the UK’s global competitive edge in science and technology.”

When complete, Oxford North will deliver up to one million sq ft of new flexible lab and office accommodation, as well as 480 new homes, a hotel, nursery, three public parks and other amenities.

Image (l-r) shows: Lord Vallance, Bernard Taylor, chairman of Oxford North, and Simon Ruck.

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