"Larry Ellison, the billionaire founder of Oracle, is deepening his commitment to Britain's innovation economy with an additional £890 million investment in the Ellison Institute of Technology (EIT), dramatically expanding its footprint at Oxford Science Park. The move comes as the 81-year-old tycoon faces scrutiny over the institute's leadership and direction following a year of internal upheaval."
"The expanded development - designed by renowned architect Norman Foster - will cover 2 million square feet, up from initial plans of 300,000 sq ft announced in 2023. The site will accommodate as many as 7,000 scientists, technologists and entrepreneurs, making it one of Europe's largest private R&D campuses. Ellison's stated ambition is to tackle some of the world's most "enduring and challenging problems," including food security, global health and environmental sustainability."
"The scale of the project - now valued at close to £1 billion - aligns with the UK government's strategy to make life sciences and technology central pillars of post-pandemic growth. The institute has forged close ties with Sir Tony Blair, a long-time ally of Ellison's, and senior Whitehall officials. Sources close to the discussions describe the project as a cornerstone in the UK's bid to attract "mission-led" global research investment."
Larry Ellison is increasing investment in the Ellison Institute of Technology with an extra £890 million, expanding the Oxford Science Park footprint from 300,000 sq ft to 2 million sq ft. The development, designed by Norman Foster, will house up to 7,000 researchers and entrepreneurs and become one of Europe's largest private R&D campuses. The project targets AI, health, climate research and aims to address food security, global health and environmental sustainability. The initiative aligns with UK government priorities for life sciences and technology and has cultivated ties with Sir Tony Blair and senior Whitehall officials. The project faces scrutiny over leadership after internal upheaval.
Read at Business Matters
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