Published: Apr 29, 2021 By Alex Keown
We Are Pioneer Group, a new U.K.-wide life sciences ecosystem has been formed through the merging of accelerators BioCity and Knowledge Factory with Trinity, a property firm. The formation of Pioneer Group creates a £450m business across nine locations across England, Scotland and Wales that includes 2.6 million square feet of lab space and offices. Pioneer Group includes 650 different businesses, approximately 10% of the U.K.’s life sciences ecosystem.
The landmark deal has been funded by Trinity and global real estate investor firm Harrison Street, which own the underlying real estate through their existing joint venture. The formation of We Are Pioneer Group creates the U.K.’s largest life sciences ecosystem, helping to connect companies with potential partners and promoting tech transfer between universities, research institutions and the private sector.
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