The Crown Estate has unveiled plans for the £1.5m redevelopment of Cambridge Business Park.
The park currently comprises 12 buildings across 20 acres, providing in the region of 325,000 sq ft of commercial office space.
The masterplan for the park envisages a “thriving and biodiverse innovation-led destination” comprising a mix of retail and leisure spaces, a brand-new high street, “science on show” focused lab buildings and new office space and homes.
The redevelopment of the park is still in its infancy, with the new masterplan in very early stages of design. The initial proposals for the transformation of the park will be shared later this month as part of a public consultation process.
Dan Labbad, CEO at The Crown Estate, said: “The Crown Estate is investing where it can have the most meaningful impact in addressing areas of national need, meeting local challenges and realising opportunities. Our vision for Cambridge Business Park is to create an inclusive and connected place that is industry leading in terms of sustainable and innovative workspace. Working with government and our partners, we intend to contribute to the UK’s science, technology and innovation sectors’ success on the global stage, acting as a catalyst for innovation and economic growth, while delivering a community of socially-conscious and environmentally-focused business leaders.
“We are confident Cambridge Business Park will play a pivotal role not only in enabling SMEs to scale up, but also in connecting and convening the brightest minds and organisations to innovate with impact, and support our wider aims of improving planetary health.”
Subject to planning, construction is expected to commence in 2026 through a phased approach, with the new mixed-use destination open and operational by 2030.
