The UK Business Secretary Vince Cable MP, visited Harwell Oxford in Science Vale on 13 August. He visited the Satellite Applications Catapult and ISIS, a world-leading centre for research in physical and life sciences. At the Satellite Applications Catapult he set out the Government’s vision for the Catapult programme established…
The Science Vale UK area is already one of the most successful science hotspots in the country with 13 per cent of research and development employment in South East England and four per cent of employment in England.
The new Science Vale UK Enterprise Zone at Harwell Oxford and Milton Park will benefit new and expanding science and technology businesses. These businesses could be eligible for a business rates discount of up to £55,000 a year for five years if they locate to specified sites that are ready for development at Harwell Oxford and Milton Park.
George Osborne MP, the British Chancellor of the Exchequer said, ‘The Science Vale Enterprise Zone will harness the region’s unparalleled research and development base to create a wealth of innovative and high growth businesses. The region is home to some of the newest and fastest growing businesses in high performance engineering, biotechnology and medical instruments, and the Science Vale Enterprise Zone provides the opportunity to unlock the region’s full potential.’