The 135,000 sq ft build projects are understood to be worth around £60m. Designed by nbbj architects, one building will become a new home for the University’s academics and the other will become a new commercial hub for companies looking to grow and build links with academia.

Terry Spraggett, Managing Director, Construction (PREACH) at Mace said: “Begbroke Science Park is one of the most ambitious science and education projects Mace has ever been appointed to deliver.

“Working closely with the University of Oxford and L&G, to create the UK’s latest science testing facilities in electronics, satellites, and medical research.”

Oxford University Property Development is aiming to open the buildings by early 2024.  

OUPD is also working on plans, in consultation with the local community and Cherwell District Council, to bring forward wider development outside the existing boundaries of the Science Park to deliver homes, additional research and development facilities and commercial space.

Masterplan to transform the area around the University’s Begbroke Science Park with 2,000 homes and new research facilities.

Mike Coplowe, Senior Development Manager, Legal & General, said: “Future phases will also seek to develop 2,000 new homes, with a mix of affordable tenures and subsidised key worker accommodation.

“These new facilities will help retain talent in the city, while driving essential inward investment and providing opportunities for world-leading innovation, as well as much needed housing for key workers.”

The wider development project will also include new schools, a public park and nature reserve.