PROPERTY UPDATE 2018

WELCOME

Silverstone Park is a premier location In addition we have the benefit The feedback we get from for business and innovation. We are of the global brand of Silverstone occupiers is that being based at deliverable, offer serviced land and as a backdrop, a highly motivated Silverstone Park is always a very business rates relief. on-site team, business networking positive talking point in meetings events, a social calendar for and networking events, and helps 50,000 sq ft of new accommodation occupiers to engage in, and a to make a company memorable is available to let. These buildings genuine desire to help companies when working on new business are situated within the Enterprise to grow. development opportunities, Zone, which gives tenants the regardless of the sector they are considerable benefit of £55,000 Silverstone is known for its working in. in business rates relief per year. motorsport heritage and we have been promoting what we refer to Silverstone Park is now one of the We have a new outline planning as ‘high-tech’ activity in the area, most cost-effective and deliverable consent for 2.1m sq ft of but please note companies do not property options in the area commercial development, and a need to be into ‘tech’ or motorsport and we invite the local agency new 21 MVA power supply – part to be based at Silverstone Park community to share in our future ROZ BIRD of a £13m utilities upgrade right and take advantage of the central vision for the estate. COMMERCIAL DIRECTOR across the site. MEPC SILVERSTONE PARK location and global brand name.

CASE STUDY David Brown Automotive relocates to new Silverstone Park premises

David Brown Automotive has moved its headquarters and Company founder, David Brown said: “It had production of its niche luxury vehicles – the Silverstone to be somewhere that gave us the right kind of customer-focused ability and a pedigree of Speedback GT and Remastered – into new 18,000 sq ft low-volume, niche automotive manufacture, premises at Silverstone Park plus Silverstone Park quite simply had the best sized premises for what we needed.

“Getting here is straightforward, particularly from London and abroad and the Silverstone name also influences a great deal; it’s just a great place to be.”

The “brilliant” skill set of companies in the surrounding Silverstone Technology Cluster also had a bearing. He continued: “It amazes me that hidden down a country lane you can find a company with ten five-axis CNC machines capable of making anything you need.

“I am guessing a lot of that is borne out of companies and individuals being originally connected to motorsport. The region is clearly full of highly-skilled technicians and companies with great manufacturing abilities.”

www.silverstone-park.com PLANNING

...achieving a new, up-to-date planning consent is another key piece of Ability to deliver with the jigsaw in managing and developing a successful technology park... new planning consent Roz Bird, Commercial Director, Silverstone Park for 2.1m sq ft approved

Planning granted for over 2m sq ft of distribution facilities, education, student accommodation said: “It has been incredibly exciting to be part of this project, and two hotels. working with MEPC to achieve planning consent on a high commercial development at Silverstone Park profile site of national significance. MEPC’s Roz Bird, Commercial Director for Silverstone Park, MEPC has been granted a new planning consent for 2.1m sq ft commented: “We are delighted to have agreed a new outline “The land around the circuit will be transformed for the better of commercial development on its 131 acre site at Silverstone Park. consent for over 2m sq ft of commercial accommodation at with much needed commercial developments that will create Silverstone Park and would welcome the opportunity to talk thousands of high-quality jobs and bring in millions of pounds Consent was granted by South Northamptonshire District Council with companies interested in joining our business community. to the economy. and Aylesbury Vale District Council. “Like the achievement of 21 MVA of power and the development “The decision of the planners to grant permission supports our The new consent follows the speculative development of over of new speculative workshop units; achieving a new, up-to-date belief in the massive economic benefits the area stands to gain 125,000 sq ft by MEPC and prior to that a programme of planning consent is another key piece of the jigsaw in managing from the proposal.” presentation/upgrade work and the purchase of 85,000 sq ft and developing a successful technology park – delivering on our of existing stock. promise to create a global business destination.” The Park benefits from 2.1m sq ft of consent including Included in the new planning permission is development of Tim Hancock, Managing Director of London-based Terence B1 (a and c) B2, B8, C1, C2, D1, and SG (Promo Auto) a wide range of premises including offices, industrial and O’Rourke, which was the planning consultant on the project,

02 To read the full versions of each article please visit silverstone-park.com/media/latest-news Tel: 01327 856000 | www.silverstone-park.com 03 UTILITIES BUSINESS RATES Serviced land £13m utilities upgrade continues with 21 MVA electrical supply

Silverstone Park developer MEPC’s to meet all occupiers’ requirements well “Together with the training and £13 million commitment to upgrading into the future across the 2.1m sq ft of educational opportunities and the utilities at the high-tech business floor space that Silverstone Park spans.” location that Silverstone Park has estate has already reached one its most now become, there is so much going Local Buckinghamshire County Councillor important stages with work to install on for the high-tech industries. It is Warren Whyte, said: “We’ve always been 21 MVA of electrical power to the site absolutely superb.” very supportive of MEPC in progressing now completed. its plans for the Silverstone Park business MEPC’s Roz Bird, Commercial Director Completion of the supply – from 10km estate and one of the biggest challenges for Silverstone Park, said: “We are away in Brackley – follows a highly has been to get the right levels of energy delighted to have completed our technical three-year project in conjunction feeding into the site. 21 MVA installation and this further with Western Power Development costing re-affirms the ‘our vision is becoming “This is an amazing stage in that process. approximately £4.5m. a reality’ message. It signifies a very positive commitment to MEPC’s Senior Development Manager Buckinghamshire, Northamptonshire and “Indeed this marks a major step in Ben Leefield commented: “This has Silverstone itself and shouts ‘we are ready our future ambitions for Silverstone been a very sophisticated undertaking for business – we are ready to go’.” Park and underlines our very firm and has also involved the upgrading of commitment to making the estate – He added: “These are very exciting sub-stations at each end. at the centre of the Silverstone times for Silverstone Park and the Technology Cluster – a global business “However it is now fully energised region – there is such a buzz surrounding destination for high-tech industry.” Lower costs for companies in meaning we have sufficient electricity the advanced engineering activity here. Enterprise Zone at Silverstone Park

Technology Cluster benefits from Silverstone Park Enterprise Zone status

The UK Government has awarded Silverstone Park ‘Enterprise the right staff and make an impression among clients. Zone’ status which could save companies locating to the high- It negates any concern about ‘can we afford this?’ Instead tech business estate more than £250,000 in rates relief across it gives them confidence to take out a lease and invest and the next five years. grow their business.” The status was approved following a successful bid to She added: “With the birth of the Silverstone Technology Government by Buckinghamshire Thames Valley Local Cluster which is also on the Government’s radar we need to be Enterprise Partnership (BTVLEP) and Silverstone Park doing all we can to encourage high-tech companies operating developer MEPC. in engineering and electronics and the like. Its ‘signing off’ took place soon after MEPC completed 125,000 sq ft “Many have the potential for high growth but also need of new speculative industrial units ranging in size from 5,000 sq ft help with cash flow in their formative stages – this is a great These are very exciting to 30,000 sq ft under one roof and available to let – significantly opportunity for them and also for them to take advantage of these are within the ‘Enterprise Zone’. the global brand name of Silverstone. times for Silverstone Park BTVLEP Chief Executive Richard Harrington commented: “We really appreciate the support of Buckinghamshire Thames “Silverstone Park Enterprise Zone represents a strong pillar of Valley LEP who submitted the initial application and as a result and the region – there is our growth strategy. Building on our areas of global excellence are bringing tangible benefit to businesses moving to the area will be at the heart of our response to the Government’s and support for the Silverstone Technology Cluster.” such a buzz surrounding Industrial Strategy. Enterprise Zone status also means the Government will later “From a standing start, excellent progress has been achieved release the equivalent of business rates that would otherwise the advanced engineering at Silverstone Park. We continue to welcome sector leading have been collected – plus another 50 per cent on top – for occupiers and look forward to further investment in the BTVLEP and MEPC to jointly re-invest in Silverstone Park. activity here Enterprise Zone.” This could be in areas such as broadband services, utilities and roads as well as other initiatives that help to feed Warren Whyte MEPC’s Roz Bird, Commercial Director for Silverstone Park, said: Buckinghamshire County Councillor development of the area for commercial businesses. “This will make a huge difference to companies who want to grow and perhaps need to be in the Silverstone area to attract

04 To read the full versions of each article please visit silverstone-park.com/media/latest-news Tel: 01327 856000 | www.silverstone-park.com 05 ACCOMMODATION TO LET LETTINGS

Innovation Centre Over 70,000 sq ft

• Serviced Offices from 264 sq ft to 1,081 sq ft • Virtual Tenancy • Hot Desking • Flexible Short Term Leases • Meeting Rooms let in 2017 to

David Brown Automotive / MLL Telecom / Baumot MEPC’s development of Silverstone Park makes it a very DS / Mercedes-Benz Grand Prix Ltd exciting time to become part of the estate. They are making Delta Motorsport / Miser Hybrid Technologies it a world-class business facility and the Innovation Centre gives us a perfect location to set up an office

Hiren Gandhi, Partner, Blaser Mills

Giving innovative, ambitious companies Like any business we’ve shopped about and considered being based the right environment in which to thrive is a elsewhere but every time we have come back to ‘it has to be Silverstone’. major priority for MEPC in its development For us it’s like a doctor having an address on Harley Street…. of Silverstone Park. Laurence Wiltshire, Director, GTA Global Chris Horton, Director, Performance Projects

Companies located at Silverstone Park: 3C Test Ltd Earl’s Performance Products Mayfield Sports Management Ltd AMI-CON Eastone Europe Automotive National College for Motorsport Baines Racing & EDM Precision Performance Projects Ltd Silverstone Cycle Technologies Ltd Porsche Baumot UK Esdebe Consultancy Ltd Principle BG Motorsport Ltd Expion RAM Racing Ltd BGN Ltd FF Corse Ltd Rex J Woodgate Automotive BikeTrac Ltd Fibonacci Ltd Consultants Ltd Black ‘n’ Rounds Fyshe Ltd SalesOut Blaser Mills Law Geotab Inc Silverstone Circuits T/A Lotus Silverstone Cars On Demand Grand Prix Racewear Speedsport Promotions Ltd CMA Marketing GTA Global Spyder Club Competition Supplies Ltd Hexagon Manufacturing Intelligence Superbike School Ltd Craft Bamboo Historic Sports Car Club TD Group Limited David Brown Automotive Ltd Husqvarna Motorcycles UK Trident Racing Supplies Delta Motorsport Ltd Izone Driver Performance Trivinci (UK) Ltd AVAILABILITY Designrule PLM JP Race Shop Worldsport Management Unit 1125* 15,659 sq ft Docking Engineering KTM Sportmotorcycle UK ZetaSafe Unit 1128* 15,686 sq ft DS Virgin Racing Livewire Telecom Unit 1129 26,400 sq ft Unit 19 3,515 sq ft Ducati UK Ltd Matterhorn Languages

*Can be split to provide 7,000 sq ft units

06 To read the full versions of each article please visit silverstone-park.com/media/latest-news Tel: 01327 856000 | www.silverstone-park.com 07 CASE STUDY COMMUNITY

FIA Formula E team DS Virgin Racing Social committee completes move to Silverstone Park Coming Up

DS Virgin Racing has completed the move of its operational arm to new state-of-the-art facilities at Silverstone Park. The team, which races in the all-electric FIA Formula E Championship, moved in last summer in preparation for the category’s fourth season but has now put the finishing touches to the new premises.

Its 11,000 sq ft base is home to around 25 permanent staff, as well Occupier Summer BBQ: as housing the team’s race-winning cars, workshop bays, spare parts, Thursday 12 July, 12.30 – 14.00, engineering offices and multi-media meeting rooms. Silverstone UTC

We looked at a number of locations but the high standard of facilities at Silverstone Park, together with the skill set and like-minded businesses on the doorstep, made it an easy choice.

Leon Price, Team Manager, DS Virgin Racing Sports Evening: Thursday 6 September, Silverstone Park Grounds

Macmillan Coffee Morning: Friday 28 September, Silverstone Park Innovation Centre

Every Week

260 sq ft to Boot Camp: Thursday evenings

31,350 sq ft Cycling: Every Tuesday morning Available TO LET and Wednesday evening Football: Every Wednesday 18.00 – 19.00 at UTC Visit our website for further information: www.silverstone-park.com/availability Weekly Pilates: Monday lunchtimes or see contacts below. and Tuesday evenings

CONTACTS

CURRENT OCCUPIERS: AVAILABILITY ENQUIRIES: Michael Peck Jamie Catherall DTRE Jon Silversides Carter Jonas Estate Facilities Manager Tel: 020 3328 9097 Tel: 01865 404458 Tel: 01327 856000 MEPCSilverstonePark

MEPC Silverstone Park MEDIA ENQUIRIES: @SilverstonePark Innovation Centre, Silverstone Park, Carl McKellar Silverstone Park Press Officer SilverstonePark Towcester NN12 8GX Mob: 07786 138 905

08 Tel: 01327 856000 | www.silverstone-park.com