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Birmingham Post
Birmingham Post
Business
Andrew Arthur

Developer appointed to £1bn Golden Valley Development near GCHQ

Cheltenham Borough Council United Kingdom Cheltenham Factory HBD

A developer has been formally appointed to start work on the UK’s first cyber business park near GCHQ in Gloucestershire.

HBD X Factory is set to deliver the first phase of The Golden Valley Development - a 200-hectare multi-use scheme located next to the UK’s intelligence agency that could provide thousands of homes and jobs.

According to Cheltenham Borough Council, the £1bn project could see the creation of 3,700 new homes, almost 12,000 new jobs, two million square feet of commercial space and a 150,000 sq ft National Cyber Innovation Centre at the heart of the UK’s first cyber-focused campus.

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