Leading biopharmaceutical company Arecor has chosen Chesterford Research Park as the location from which to expand and grow their portfolio of products to enable improved treatments for diabetes care.
Arecor is the latest company to move to Chesterford where they will join major bioscience players such as AstraZeneca, Illumina Inc and Domainex who have all chosen Chesterford as the base from which to advance their research and development.
“Arecor is experiencing significant growth and we required enhanced facilities that could meet our expansion requirements, both today and well into the future. We selected Chesterford because of the quality of innovative companies already located here, the Park’s location within the Cambridge cluster and the excellent central facilities. Attracting top talent as we continue to grow is key to our future success and we feel that Chesterford is the ideal location from which we can continue to forge ahead.”
Dr Sarah Howell, CEO, Arecor
Arecor is a leading biopharmaceutical company who is developing a portfolio of products to enable improved treatments for diabetes care. These products will enable next generation technology and improve quality of life for those with diabetes. Through its innovative formulation approach/technology platform Arestat TM Arecor is able to offer significant advancements in this area by delivering products such as…
- Highly concentrated formulations of insulin
- Ultra-rapid acting insulins
- A ready to use emergency glucagon pen
Expanding laboratory space for diabetes research
Arecor were keen to find a location that could accommodate expansion and INVEST Essex, Essex County Council’s inward investment team, worked with Arecor on their choice of site; a 10,000sq ft (929sq m) facility incorporating an office and a research and development (R&D) space. This will be twice the size of the company’s existing premises and will allow the company to expand their R&D facilities.
Chesterford Research Park was chosen by Arecor for…
- The advantages it offers expanding life science companies
- Its close proximity to the Cambridge medical technology (MedTech) cluster
- The opportunity to work alongside major players in the bioscience industry who have also chosen Chesterford as the base from which to advance their research and development
- Its excellent access to London as well as strong connections to the rest of the UK and Europe
“Essex is home to a great many innovative, cutting edge companies and we are pleased to welcome Arecor to the county. INVEST Essex, our inward investment team at Essex County Council, has been instrumental in helping the company with their choice of site and supporting them in making this major investment in Essex.
This is the latest investment in the county by a high-tech firm and one that we welcome. Essex means business and it is pleasing to see more and more companies recognise this and invest in the county.”
Cllr Kevin Bentley, Deputy Leader, Essex County Council
Working with INVEST Essex and Uttlesford District Council
INVEST Essex also introduced Arecor to Uttlesford District Council who were able to provide support to the company with their Business Development Rate Relief Scheme. Arecor are now in the process of developing commercial collaborations which INVEST Essex will offer support with.
“Uttlesford is delighted to welcome Arecor to the district and to the world class Chesterford Research Park. We created the innovative Business Development Rate Relief Scheme to make the district even more attractive to companies looking for the right location for their business.
“We will continue to work proactively to encourage new businesses in what is a highly competitive marketplace for inward investment.”
Cllr Howard Rolfe, Leader, Uttlesford District Council
Offering space and facilities for research and development
Chesterford Research Park is a highly attractive proposition to companies in the pharmaceutical, MedTech and healthcare industries. The Research Park is a 250 acre business park set in landscaped parkland with a focus on life sciences. It offers advanced laboratory and office space with facilities developed for biotechnology and pharmaceutical companies of all sizes and a variety of sites are available for new laboratory and research and development buildings.
How INVEST Essex can help companies
INVEST Essex, Essex County Council’s (ECC’s) Inward Investment department, promote the opportunities of one of the UK’s top business locations; Essex – close to London and with first class transport links, to businesses across the globe who could benefit from the county’s strategic location.
INVEST Essex works with its commercial partners to ensure that potential investors have the best service and are assisted at all points through their journey to move and set up in the UK. They work with accountants, banks, solicitors, commercial relocation companies, fit out companies to give companies a quality end-to-end service and help them make the most out of their location decision.
For more information on INVEST Essex see here.
For more information on Chesterford Research Park see here.
Source [Chesterford Research Park]