The Oxford Science Park (TOSP), one of Europe’s leading destinations for science and technology companies, has announced the sale of part of its estate to the Ellison Institute of Technology (EIT).
The transaction is a strategic step in a partnership between TOSP and EIT to support discovery, innovation and entrepreneurship in Oxford, and make it a truly global hub for scientific research and development.
The sale enables EIT to expand its campus, while ensuring that TOSP continues to develop as a vibrant community for pioneering science and technology companies. Companies based at TOSP will benefit from increased collaboration opportunities with EIT, and from ongoing investment in the Park.
Yong Shen, Director of The Oxford Science Park, said: “We are delighted to partner with EIT on their ambitious expansion plans, which will no doubt accelerate the growth of world-class science and innovation in Oxford. Our current and future occupiers will benefit from close proximity to the expanded EIT campus, creating new opportunities for collaboration and engagement with groundbreaking research.”
Professor Santa Ono, President of EIT, added: “This investment is a sign of EIT’s commitment to Littlemore as a home for ambitious ground-breaking science. As EIT’s new President, I’m looking forward to watching our campus develop and grow over the next few years. We want to build a community of talented scientists who will work in an environment specially designed to encourage great ideas to flourish.”
Lisa Flashner, Chief Operating Officer of EIT, said: “In addition to delivering a substantial contribution to the local economy, we aim for this expanded campus to set a new benchmark in innovation and design. In close collaboration with Foster + Partners, we have carefully refined every element to create a state-of-the-art campus that promotes collaboration across research disciplines and provides our employees with exceptional spaces that enhance their daily experience.”
Since opening in 1991, TOSP has become one of the UK’s most attractive locations for science and technology businesses, offering proximity to world-leading institutions, high-quality facilities, and an expanding innovation ecosystem that supports growth and collaboration.