Expanding firms hunt for room to grow

Cranfield Technology Park
Cranfield Technology Park

Providers of business space in Cranfield say an increase in take up is positive news for the economy.

Cranfield University’s Technology Park has welcomed five new companies this summer following a spate of lettings to start-up and established businesses totalling nearly 4,700 sq ft.

Rupert Wood, regional director for the northern home counties at St. Modwen said: “We’re seeing increasing demand from start-ups and SMEs for flexible space as the economic climate improves, which is very positive.

“Our partnership with Cranfield University, location and transport links mean we’re well placed for companies looking to access both the Milton Keynes and Bedford markets, at the heart of the technological hub stretching from Oxford to Cambridge.”

Companies recently taking up space in the technology park include retail sales analysis and automated visitor counting firm Springboard.It has taken a 1,520 sq-ft unit at the Cranfield Innovation Centre (CIC) after moving from its offices in central Milton Keynes.

At the same time start-up photographic equipment developer Hink Pro has taken up 470 sq ft at the CIC ahead of launching its ground-breaking new camera flash technology later in the year. Adelphi Special Risk has taken 290 sq ft and HPA Group a further 1,285 sq ft.

Finally, creative and digital agency So technology has also returned to the CIC in order to accommodate its growing team – as well as the pool table the company has installed in its new 1,100 sq ft office.

Dr Michael Reddy, chief executive at HPA Group said: “We’re delighted to provide our rapidly growing team with a superb working environment and access to the excellent facilities onsite at Cranfield.”

Cranfield University Technology Park is a partnership between Cranfield University and regeneration specialist St. Modwen.

The Tech Park is home to more than 50 science, technology and knowledge based businesses, ranging from start-ups through to internationally renowned brands including Nissan and Trafficmaster.