MD1161 Business East Science and Tech Park

Type of decision: 
Mayoral decision
Code: 
MD1161
Date signed: 
11 February 2014
Decision by: 
Boris Johnson MP (past staff), Mayor of London

Executive summary

A proposal from the Growing Places Fund requested that the GLA acquire of part of a pharmaceutical site in the east of London (the current owners exiting at the end of 2013). The proposal is based on a regenerated site as a specialised science and tech park, focusing on medical, scientific and tech activities. The principle would be to utilise existing buildings and to encourage the development of a community of occupiers able to complement, inter-trade and support each other. The site operation would be carried out by an experienced organisation. This proposal seeks a Mayoral Decision to appoint a specialist advisor to assist the GLA in developing a strategy for the site, procuring a partner/operator and assisting the GLA with interest from potential occupiers.

Part 1: Non-confidential facts and advice