Arecor will be moving to the Park in October. The biopharmaceutical company is taking a five year lease within an existing 5,300 sq ft building and will move in after refurbishment works are complete.
Dr Sarah Howell, CEO of Arecor, said: “Arecor is experiencing significant growth and we required enhanced facilities that could meet our expansion requirements, both today and well into the future.
“We selected Chesterford because of the quality of innovative companies already located here, the Park’s location within the Cambridge cluster and the excellent central facilities.
“Attracting top talent as we continue to grow is key to our future success and we feel that Chesterford is the ideal location from which we can continue to forge ahead.”
INVEST Essex, Essex County Council’s inward investment team, worked with Arecor on their choice of site and introduced them to Uttlesford District Council who were able to provide support to Arecor with their business development rate relief scheme.
Cllr Kevin Bentley, deputy leader of Essex County Council, added: “Essex is home to a great many innovative, cutting edge companies and we are pleased to welcome Arecor to the county.
“INVEST Essex, our inward investment team at Essex County Council, has been instrumental in helping the company with their choice of site and supporting them in making this major investment in Essex.
“This is the latest investment in the county by a high-tech firm and one that we welcome. Essex means business and it is pleasing to see more and more companies recognise this and invest in the county.”
Our BQ Bulletin emails will land in your inbox at 7.30am, Monday to Friday, with a mix of the latest local business news, national news, and features to inspire you. Sign up here!
Click here to read our privacy statement