Contact the Capital Investment team for more details about this opportunity

Opportunity Cyber Central, Cheltenham

This is a unique opportunity to help shape and deliver a project of international significance and benefit from a rapidly growing cyber industry.

Up to £300 million is sought from a development / investment partner to bring forward the land and develop out the £400 million Gross Domestic Value (GDV) first phase of the project.

This consists of a vibrant campus community integrating up to 220,000 square metres (2 million square feet) of high tech commercial space, at least 500 residential units and supporting leisure uses. This public procurement opportunity will be coming to the market in Spring 2020.

Contact the Capital Investment team for more details about this opportunity.

Artistic impression of the inside of a new open plan office with pods and tables across 2 floors of a Cheltenham Cyber Park
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Location

Cheltenham - between Oxford and Bristol

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Project promoter

Cheltenham Borough Council

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Scale

Phase 1 - £400 million GDV

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Sector

Retail, Commercial, Residential, Leisure, Hotel, Private rented sector, Research and development

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Investment type

Long term development/investment partner

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Planning status

Strategic Local Plan allocation

Map showingthe location of Cheltenham and the major road links to Oxford, London, Southampton and Bristol

Project background

The UK is already the largest, most concentrated and accessible cyber security market in Europe - a market expected to double in the next 5 years. The UK government is investing 1.9 billion GBP in a 5 year National Cyber Security Strategy.

Cheltenham is a major focal point in the UK’s cyber industry efforts. The site is next to The Government Communications Headquarters (GCHQ), where the National Cyber Security Centre is based. At the heart of this first phase of development will be one of the two UK government Cyber Innovation Centres.

The town also has a thriving high tech ecosystem. It has a far higher proportion of cyber businesses compared to other leading UK centres. The Cheltenham ‘CyNam’ is the UK’s largest cyber cluster with over 1,000 members. Many of the businesses represented have indicated an ambition to be located at the new campus.

Cheltenham is regularly voted as one of the best places to live and bring up a family in the UK. It has an estimated population ratio of 47% Wealthy Achievers compared to a national average of 25%. There is strong demand for housing and employment land with an average house price of 359,000 GBP compared to the national average of 235,000 GBP.

About the project

This is a major mixed-use development. It is sited on the western fringe of the town, next to GCHQ and two M5 motorway junctions. Cheltenham Spa mainline railway station is 1.5 miles away and Gloucestershire Airport is just 2 miles away.

The ambition is to deliver one of the best places in the world to live and work. The UK government has recently awarded the project Garden Community status which means it attracts additional government funding to help deliver all the aspects that make up a sustainable community.

It will become the go-to place to create and grow innovative cyber and digital businesses of any scale. It will be a campus that integrates high-tech workplaces with leading academic facilities, exemplar homes and leisure uses.

The campus once fully developed will deliver:

  • around 220,000 square metres (2 million square feet) of commercial space
  • up to 3,000 homes including Build to rent
  • approximately 10,000 square metres (108,000 square feet) of convenience retail uses
  • approximately 20,000 square metres (215,000 square feet) of leisure uses

Promoters and partnerships

Cheltenham Borough Council is the promoter and site owner for the commercial and residential elements for the first phase of 45 hectares (111 acres).

Avison Young is acting as a real estate procurement consultant for the council.

The project is supported across UK government. It is a priority project in the Local Industrial Strategy, the county’s strategic economic plan and Cheltenham’s corporate plan. Governance takes the form of a Programme Board whose membership includes key stakeholders:

  • Cheltenham and Tewkesbury Borough Councils
  • Gloucestershire County Council
  • the Local Enterprise Partnership for Gloucestershire (GFirst LEP)
  • Homes England

To invest in the UK, get in touch with our team.

Find out more about Cyber Central.