Financial Advisory for Berkeley Green Nuclear Science Park
Chiltern Vital Group (CVG) acquired the Berkeley Green site in Gloucestershire and brought together a cross-disciplinary team to work towards securing planning permission and progress the new vision for the science park that has the opportunity to create 1,000 jobs for the local area. Nuclear fusion firms pledge 1,000 jobs at old Berkeley nuclear site – BBC News
Berkeley has its historical connection to the nuclear industry, as the UK’s first nuclear powerplant, which began electricity generation in 1962. 31ten’s role on the team was to provide financial advice and financial modelling to consider different options for development at the site and optimise site viability.
The Role
31ten supported CVG by:
- Developing an advanced real-time cashflow modelling that communicated with MaxQ’s 3d design engine, to see masterplan impacts live in financial outputs.
- Optimising site development allocations by identifying the most viable use types.
- Advising on actions and evaluating impacts of different asset management actions that could be taken on site.
- Producing practical recommendations to mitigate risks, protect cashflow and optimise returns.
- Supporting engagement with investors and potential occupiers.
Beyond the initial commission, 31ten continues to support CVG as it progresses plans to deliver on the vision for the site.
Key Outcomes
- Planning permission submitted for 600,000sq ft of Research and Development (R&D) space, including a laboratory, office, manufacturing and education facilities.
- An updated masterplan that incorporates bespoke occupier design requirements.
- An asset management model and strategy to optimise the sites financial performance.
- Financial modelling and recommendations to support CVG’s decision-making.
“It has been a pleasure to work with 31ten on our Berkeley Green project. They have been excellent- quickly grasping the complex intricacies around making the numbers work given viability challenges, responsive to project changes as they occur in good time and overall, fully grasping the needs of the project and the client. I would also add an ability to communicate clearly and succinctly.”
Gerry Hughes
Project Lead (CVG), Berkeley Green Science and Technology Park
