Nicola opened a brand new laboratory facility at Oxfordshire’s Milton Park for pioneering local biotech company, Oxford Biotrans.
Oxford Biotrans is bringing new ways of making high-value speciality chemicals to the market, based on its patented enzyme technology. The first products will be natural flavours and fragrances.
The company has gone from strength to strength since it was spun out from Oxford University with a £700,000 investment in 2013. Last year a further £2.5 million was raised, and the extra cash is now being used to lease and fit-out the new premises, and to add new staff to its team of scientists and engineers.
The company also benefitted from Government support via funding from the Biotechnology and Biological science Research Council (BBSRC), which is the lead funding agency for research and training in the sector.
In her speech, Nicola praised the company’s success, particularly in such a short space of time. She emphasised that this is yet another example of the type of business driving Oxfordshire’s science sector, bringing jobs and growth in the region by leading the way in cutting-edge research and technologies.
Nicola had the opportunity to meet company CEO, Dr Jason King, along with the rest of the team:
Nicola says Biotrans Oxford are a prime example of the type of cutting edge company driving high-tech jobs and growth in our region. This new facility is just what is needed to build on the momentum gained in the past few years, and I am in no doubt that they will now go from strength to strength.
The secured BBSRC funding also demonstrates the Government’s commitment to this industry, and a recognition of its importance in boosting growth and productivity. I know that the company is now targeting Innovate UK funding for future Government support, and I wish them all the best. The whole team is to be commended for their efforts, and I will be following their work in the months and years ahead.
Dr Will Barton OBE added The scale of the investment and capability at the new site, combined with the quality of the people we have been able to attract, is enabling the company to lead the way in pioneering, sustainable industrial biotechnology, developing smart, clean routes to existing and novel high-value chemical compounds.