Henry Boot has announced a joint venture with international tech campus developer Factory, the aim of which will be to enhance the development of technology in the UK.
The property development business of Henry Boot (HBD) has formed the partnership with Factory as part of a £1bn scheme known as the Golden Valley Development.
Called HBD X Factory, the joint venture has been chosen to deliver the first phase of the scheme, based in Cheltenham, which aims to focus on the development of technology in the UK.
Centered around cyber and digital innovation, the development will include 3,700 new homes and 2m sq. ft of commercial space.
Phase One aims to accommodate 111 acres of the scheme and will be located close to Factory’s first UK tech building near GCHQ in Gloucestershire.
‘Golden age in UK tech’
Minister for Digital Infrastructure Matt Warman said the £1bn development would help confirm the UK’s position as a leader in cybersecurity.
He said: “We are investing to help cyber-security businesses across the country tackle barriers to growth and boost people’s digital skills so we can usher in a golden age in UK tech.”
Commenting on the partnership, HBD managing director Ed Hutchinson said: “The HBD X Factory partnership reflects our focus on delivering large-scale, transformative regeneration projects – the Golden Valley Development is a hugely important project for Cheltenham, the south-west [England] region, and the wider UK tech sector.
“We look forward to working alongside Factory to bring the scheme forward.”
Client Cheltenham Borough Council is set to submit a planning application for the site in 2022, with Tewksbury Borough Council as a partner.
Image: everything possible/Shutterstock
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