Thousands of new jobs are heading for Oxfordshire's Science Vale area after the Government named it among a handful of Enterprise Zones across
Thousands of new jobs are heading for Oxfordshire's Science Vale area after the Government named it among a handful of Enterprise Zones across the UK.
The successful bid was made by the Oxfordshire Local Enterprise Partnership (LEP). It is expected to bring in around 8,400 high-tech, high-value-adding jobs and generate up to £10.5m of additional business rates a year which will be reinvested straight back into the Oxfordshire economy.
The zone will consist of two of the UK’s biggest science and research business parks - Harwell Oxford and Milton Park – and aims to be a competitor on the global stage.
Anne Gwinnett, Director of Corporate Affairs,Oxford Brookes University, who manages the University’s relationship with CBI, said: “Oxford Brookes is delighted that Oxfordshire’s Science Vale UK has been announced by the Government as one of just eleven new Enterprise Zones for the UK.
“Students who study at Oxford Brookes already benefit from being right at the centre of the UK’s most successful economic region. This allows us to offer innovative placements to our students during their study, as well as ensuring that graduates provide the skills, research and expertise to enhance the area’s innovative capability.
“This new investment in Oxfordshire is excellent news for the county as a whole, as well as providing further valuable opportunities to those who study at Oxford Brookes.”
Paul Inman, Pro Vice Chancellor and Dean of Technology, Design and Environment at Oxford Brookes University, serves on the Executive Board of Oxfordshire LEP. He commented, "The Enterprise Zone will enable our world-class researchers to work increasingly with local businesses to develop innovative new products and services. It will also offer up more employment, internship and professional placement opportunities for our highly sought after students and graduates."
Further information is available online from the Oxfordshire LEP website.