The £90m scheme at Langford Lane has been designed by architect UMC to create 430,000 sq ft of research and development space at Kidlington.

It will consist of two Grade A, three-storey buildings with office, R&D and innovation space plus a range of two-storey buildings behind.

R&D buildings will provide bespoke combinations of office, laboratory, production and storage.

Angus Bates, CEO of Hill Street Holdings, said: “Oxford Technology Park will deliver top quality office and R&D space for businesses of all sizes, set within 20 acres of landscaped grounds. Each unit will be modelled as bespoke units and we are able to offer ‘design and build’ solutions to suit individual occupiers.”

Richard Cutler, Partner of Bloombridge said: “This project has taken 13 years to come through the planning system, with a recorded loss of 352,000 sq ft of enquiries for space from R&D businesses in the last five years.

“We are delighted that Cherwell District Council has supported the Local Plan Inspector by confirming that very special circumstances exist for the grant of this planning permission in the Oxford Green Belt.

“As George Osborne said in his Autumn Statement, in the modern world one of the best ways you can back business is by backing science, and this is exactly what Oxford Technology Park does.”

Hill Street Holdings will start construction early this year.