09 Dec 2021

Discovery Park strength recognised by county property report

The significance of Discovery Park’s position at the heart of Kent’s cluster of science and business parks has been recognised by the 2021 Kent Property Market Report.

The 30th edition of the report, produced by Caxtons Chartered Surveyors, Kent County Council and Locate in Kent, suggests that the county’s science and business parks sector has had a particularly active year.

In line with Discovery Park’s experience, the report recognised that the challenges presented by the pandemic and growing investment funds available for science start-ups and grow-on companies is driving rapid growth.

The report highlighted the demand for specialist nature of lab and high-tech operations had sustained park occupation levels throughout the lockdown period, with Discovery Park experiencing strong demand for space coming from businesses involved in life sciences, especially those curtailed by a lack of lab space in London to facilitate growth.

Companies continue to be attracted to the Park’s Start Up Zone thanks to flexible leasing and small offices, with the new arrival able to expand their space as they grow.

The report also identified that the sector will benefit further from the Government’s new Innovation Strategy which will increase public investment in R&D to £22 billion a year, and lead to further growth in the county’s science and technology sectors.

Mayer Schreiber, Chief Executive Officer at Discovery Park, said: “The report makes for positive reading and confirms our optimism. We are confident that we will continue to see high levels of demand from high-growth science and technology businesses eager to be part of a cluster of collaborative companies.”

The report can be found at: www.kentpropertymarket.co.uk

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