More than 8,000 new science jobs are to be created in Oxfordshire thanks to the governments news enterprise scheme, reports the BBC.
The Science Vale UK region of Oxfordshire is to benefit following a successful application by the Local Enterprise Partnership, which envisages 200,000 square metres of development for 8,400 high tech jobs by 2015. The development will consist of two of the UK’s biggest science research facilities, aiming to make Oxford and the UK globally competitive. New firms will gain from a £1 billion of business rate discounts and simplified planning procedures.
The jobs created are expected to be mainly in the biotechnology sector, a much needed boost for a seemingly stagnated area. The number of drug discovery and development companies in Oxfordshire has not risen since 2007, though both funding and products in the pipelines of said companies have increase dramatically. The enterprise zone will therefore continue to benefit the bioscience industry in Oxfordshire.
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