Cutting Costs Without Compromise: the Essex Offer to Health Technology Companies

Essex UK Health Technology Cluster

Reduced costs and strategically located specialist sites are attracting health technology companies to Essex.

Cambridge and London offer everything you’d expect from major technology and business hubs, including high property costs and limited land supply. By establishing operations in the county of Essex – located between the two cities – companies can address both problems, while benefiting from fast access to Cambridge and London.

Reduced property costs, more expansion space…

Chesterford Research ParkTo start with savings, health technology companies expanding in Essex can benefit from average property cost that are 33% lower than Cambridge and 46% lower than London. [1] With regard to expansion space, Essex offers a range of available property solutions for health technology companies, including Enterprise Zones and Research Parks, offering custom-designed, specialist accommodation for businesses of all sizes.

Harlow Enterprise Zone: Exemplifying the Essex Advantage

Harlow Enterprise ZoneHarlow Enterprise Zone (EZ), which includes the planned Harlow Science Park, exemplifies Essex’s location advantages for health technology companies. Comprising 51 acres of development land, the zone’s prime location offers fast access to the M11 motorway and London Stansted Airport, while enabling access to both Cambridge and London in less than 1 hour. [2] [3]  The development of a high quality science park, will capitalise upon the already extensive life science and medical technology cluster in the London Stansted Cambridge Corridor. 

"We’re offering high-quality science park space at a significantly lower cost per square foot than Cambridge or London."

Andrew Bramidge, Project Director, Harlow Enterprise Zone

But the site’s advantages for health technology companies go well beyond cost savings. 

Bespoke properties and Enterprise Zone benefits…

“When a company purchases a property, we sit down with the architects and design team to draw up a detailed and specific plan for the building based on the new occupant’s requirements.

There are several advantages to choosing an Enterprise Zone, such as the significant business rate discounts offered to companies who commit to operating on the site for a minimum of 5 years.”

Andrew Bramidge, Project Director, Harlow Enterprise Zone

Other benefits include simplified planning via a local development order and superfast broadband.

Diverse high-technology capabilities…

Raytheon building at Harlow Enterprise ZoneBut there’s another Essex advantage for health technology companies that Harlow Enterprise Zone neatly exemplifies. From a technology perspective, Essex is characterised by a unique convergence of competencies, spanning medical devices, pharmaceuticals, advanced electronics and ICT, including ‘big data’ analytics. These capabilities are represented at Harlow EZ by a state-of-the-art data centre and companies, such as Raytheon, that serve diverse high-technology sectors, including healthcare, aerospace and defence. Public Health England (PHE) has also selected the zone as the location for its major new Public Health Science Hub. [2] [4]

Supported by local education and training infrastructure…

The needs of Enterprise Zone companies operating across these high-technology sectors have been recognised by education and skills providers in the Harlow area. The Sir Charles Kao UTC (University Technical College) focuses on technical specialisms in Medical Technology and Smart Environments, working in partnership with organisations including GlaxoSmithKline, Johnson Controls and the Princess Alexandra Hospital NHS Trust.

Saving Money Without Compromise…

Reducing costs is always good for business. But in Essex, health technology companies are managing to combine property cost savings with a range of value-adding location benefits: fast access to Cambridge and London, specialist science park accommodation, diverse technology strengths and targeted education and skills provision.

At a Glance: Commercial Property Cost Savings in Essex

Essex: Annual Rental Costs Savings

 

Rent Costs

Source: [1]

Find out more

Contact INVEST Essex to find out more about the Essex UK Health Technology Cluster.

Sources:
[1] Colliers, 2016
[2] Harlow EZ: http://harlowez.org.uk
[3] Google Maps, 2015
[4]https://www.gov.uk/government/publications/phe-harlow-science-hub-proposals 

Dave Russell-Graham
Dave Russell-Graham

Inward Investment Manager (Life Sciences)

+44 (0) 7881 310776

Biography

With over 30 years’ experience in the life sciences and healthcare sector Dave has an extensive range of contacts in the industry as well as experience in pharmaceutical development through to facility refurbishment and fit out. Dave’s work has predominantly been with major pharmaceutical companies, and in 2011 he was a key player in the deal between Pfizer and Mylan for Pfizer’s respiratory technology platform. More recently he has worked as the Scientific Development Advisor for Harlow Science Park.