Yorkshire developer Henry Boot has formed a joint venture targetting the º£½ÇÊÓÆµ tech sector.
The Sheffield firm has teamed up with international tech campus developer Factory to create HBD X Factory, which has been selected as preferred bidder to deliver the Golden Valley Development for Cheltenham Borough Council.
The development covers 200-acres and is expected to create 12,000 new jobs, 3,700 new homes and 2m sq ft of commercial space, with Cyber Central º£½ÇÊÓÆµ at the heart of a campus focused on cyber and digital innovation.
The project builds on the presence of GCHQ’s headquarters and Cheltenham’s existing cyber sector, with the first phase delivering an innovative, mixed use community clustered around Factory’s first project of scale in the º£½ÇÊÓÆµ - Factory Cheltenham - which will sit alongside GCHQ.
HBD X Factory will continue to explore new opportunities across the º£½ÇÊÓÆµ, including acquisitions and public/private partnerships with local authorities and other strategic landowners, as it targets largescale, mixed-use districts and urban regeneration projects with a focus on innovation.
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 region and the wider º£½ÇÊÓÆµ tech sector and we look forward to working alongside Factory to bring the scheme forward.”