Science Parks in the UK: Regional Regenerators or Just Another Form of Property Development?

Abstract

Illustrates, through review, the apparent success of science parks, which, despite increased occupancy and investment levels, remain dependent on public‐sector support. Highlights characteristics, which both contribute to such success and distinguish this form of development from other forms of property development (notably similar forms such as business parks). Proposes various determinants for the potential success of hi‐tech industrial property developments, and suggests that certain types of development (i.e. unfavourable geographical location) have been overwhelmingly motivated by a will to participate in urban economic regeneration contrary to prevailing market forces. Concludes by questioning the lasting benefits and potential for continued success of such development.

Citation

Gower, S.M. and Harris, F.C. (1994), "Science Parks in the UK: Regional Regenerators or Just Another Form of Property Development?", Property Management, Vol. 12 No. 4, pp. 24-33. https://doi.org/10.1108/02637479410071036