Bath plans £100m innovation quarter
A £100m Innovation Quarter in Bath is aiming to create 2500 new high tech jobs in the region.
Bath Innovation Quay will create a business location for the growing ICT, low carbon and creative sectors within the city and will link with the research and academic base in the city’s two Universities. The development, which the Council will be encouraging to come forward by around the start of 2019, would create around 400,000 square feet of modern business space centred on the University of Bath Innovation Centre with up to 170 low carbon homes.
Bath Enterprise areas
The University Innovation Centre is a core component of the plans. Dr Rob Head, Director of Research Development and Support at the University, said, “Our strong and successful programmes convinced us of the potential to build on these achievements and establish what we have termed our ‘Innovation Campus’. We have been working with the Council on these plans and I am delighted to see this important progress towards creating around 2,500 high technology related jobs within Bath.”
“Bath & North East Somerset Council wants to create a unique, compelling offer for businesses in the creative, digital, and knowledge sectors to relocate,” said Councillor Paul Crossley, leader of Council.
“The prospect of having hi-tech businesses, University research facilities, and places for people to live combining with the buzz of the city and World Heritage Site is simply mouth-watering in terms of opportunities for local people and prosperity for our area. A healthy, smart, zero carbon development will be created that will become the hub for imagination and creativity not just regionally, but worldwide as we take the area’s internationally respected reputation for digital expertise to the next level.”
The development costs for the plan would be around £65 million with the Council seeking a combination of Government money through the West of England Local Enterprise Partnership and the private sector.
The main locations that would be used are Newark Works, Avon Street Car Park and Coach Park. Investment worth £7.6 million has already been captured to tackle flood mitigation, highways works, and new footbridge over the river. The Council will also look to obtain £800,000 of funding to relocate the Coach Park.
No details are yet available about those private sector enterprises who would take workspace in Innovation Quay, although the Council says it is fielding considerable interest.
Bath Innovation Quay is one part of the Enterprise Area alongside the Residential Quarter where the Council, Crest Nicholson, Homes and Communities Agency and Curo Group are working together to create new homes and commercial space;
Commercial Quarter, of which Innovation Quay is the main part and the City Gateway comprising of Bath Riverside East and Green Park Station offers the opportunity not only for Sainsbury’s to develop their proposals for a new retail store, but also around 160,000 square feet of office, creative, and bar/ restaurant space.
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