Birmingham City’s aspiration to build upon its existing cluster of life science companies, close to the University of Birmingham, is enshrined in the Big City Master plan.
The City Council had identified a 10 acre plot (part of the former battery park site) which could form an ideal location for such a development being close to a number of synergistic facilities including the new Queen Elizabeth Hospital, the University of Birmingham Medical School, the proposed Biotech Incubator Centre, and the proposed Institute for Translational Medicine.
GVA were appointed to contribute towards the draft Business Case and to undertake an analysis of the proposed development covering a number of important areas which would form the basis of a cabinet report to BCC. The areas of advice provided by GVA covered:-
- The economic impact of the proposed development, concentrating in particular on job creation, both directly and indirectly, together with an estimate of potential gross value added.
- Assessment of anticipated demand levels including an analysis of Birmingham’s competitive position in the Life Sciences sector.
- Case studies of existing nationwide comparable parks to analyse take-up and best practice.
- Delivery options for implementation of the development, take-up rates and phasing.
- Viability assessments taking into account costs, values and market influences.
How GVA Added Value
The request for advice provided challenges in undertaking and reporting on findings within a limited timescale. GVA’s established multi-disciplinary team including Agency/ Development Consultancy, Planning, Development & Regeneration, & Economic impact teams. Our approach ensured that the GVA input into the Cabinet Report was completed in good time for consideration, on a “right first time” basis. Effectively, we listened very carefully to what the client needed, turned this into a costed brief and then delivered the necessary input very swiftly, enabling BCC to make an informed and timely decision.