Haverhill Research Park

A 30 acre site, assembled and master-planned to create a 450,000 sq ft Business/R&D Park, Hotel, Day Nursery, Pub/Restaurant and 150 Residential Units.

Project

  haverhill research park logo
Location Haverhill, Suffolk
Sector Development
Size 30 Acres
Website www.haverhillresearchpark.com

OVERVIEW

LIVE PROJECT

Residential Land sold to Taylor Wimpey

Land sold to Marston’s who built the Flying Shuttle pub.

A purpose built nursery building was pre-let to Colourbox Montessori School.

Planning permission obtained for a four storey 30,000 sq ft Innovation Centre

Combined Authority Grant funding and West Suffolk Council loan obtained

Innovation Centre construction commences October 2019

An outline application for up to 155 residential units, public open space, children’s play area and associate landscaping submitted.

Oxford Innovation signs 10-year management agreement to run the Epicentre.

haverhill research park aerial view haverhill research park landscaping

DEVELOPMENT

Planning

Following extensive public consultation, a mixed-use planning permission was secured, including 150 residential units. The local authority were keen to see this gateway site brought forward as it had remained undeveloped despite being allocated for 'employment' for over 20 years.

Through a viability exercise, we were able to secure the residential allocation in the masterplan, in order to create the value required to fund the infrastructure and site enabling works.

Enabling works

Through successful applications to the Government's Growing Places initiative and the introduction of private finance, JAYNIC established an innovative public:private funding arrangement which enabled the completion of site enabling works.

The funding partners for these works were New Anglia & Greater Cambridge GP Local Enterprise Partnerships, St Edmundsbury Borough Council and the Bank of London and The Middle East plc.

Infrastructure

As part of the infrastructure works, the residential land was fully serviced, including utilities at each spur into the plot, formation and planting of the public open space, ground engineering to allow optimum foundation design and completion in-part of the surface water drainage system. The residential land was sold to Taylor Wimpey at a premium of 30% over historic land values in the town.

Feedback

"JAYNIC demonstrated a real depth of understanding of the residential market; and their approach, working closely with the local authority and other stakeholders, was closely aligned with our own. They provided a fully serviced site allowing us to work together to optimise the planning permission. We were delighted to secure the site and it's now one of our best performing outlets in the region."

Bryn Maidman
Divisional Managing Director, Eastern and Central Regions - Taylor Wimpey

The Epicentre Innovation Centre

Opening in Autumn 2020 is the 30,000 sq ft four-storey Epicentre at the entrance to Haverhill Research Park comprising high specification offices and dry R&D accommodation, together with conference and meetings rooms, training facilities, a ‘work-hub’ area and café. JAYNIC has signed a 10-year management agreement with Oxford Innovation to run the Epicentre. If you would like further information please visit

www.epicentrehaverhill.co.uk

or contact Gareth Scargill on 01440 782100.

The design of the building will 'set the standard' for future building on the park providing exciting and contemporary architecture, with a double height glazed reception and a striking brise soleil canopy over the entrance. The Epicentre overlooks the Spirit of Enterprise roundabout.

Follow progress via our live timelapse camera (refreshed every 15 minutes) on the Haverhill Research Park website;

www.haverhillresearchpark.com

Colourbox Montessori School

A single-storey building, designed by Frank Shaw Architects on the west side of the main estate road at Haverhill Research Park. Constructed in 2015 and pre-let to Colourbox Montessori School

haverhill research park landscaping
West of Three Counties Way

A proposed outline planning application for up to 155 new homes, public open space, a children’s play area and landscaping.

The site currently forms part of Haverhill Research Park. However, due to a lack of viable interest from potential occupiers over the last 8 years, JAYNIC has made the decision to seek planning permission for residential development on two of the land parcels. The 13.69 acre site, comprises the parcels of land known as Plot 300 and Plot 400.

To find out more, please visit: www.westofthreecountiesway-haverhill.co.uk