Data collected by Bidwells, a property consultancy focused on the Oxbridge knowledge economy, showed availability was close to zero in June in both cities after demand surged by almost a quarter in the first half of this year. Many companies are being forced to lease offices in other commercial space, before refitting them as laboratories.
“The UK is extremely good at spinning out small start-ups, but not very good at building big companies. Most leave and are sold, and part of the reason for that is infrastructure that is not being provided for these companies.”