The Oxford Trust has taken a 10-year lease on a city centre building for its Oxford Centre for Innovation.

The trust has taken Grade II-listed, 13,000 sq ft Blue Boar Court for the centre’s work to support the growth and development of local science and tech start-ups.

It follows the sale of the trust’s Macclesfield House building in May to Oxford Business College as the building required expensive upgrading.

The new four floor centre in Alfred Street will offer private office spaces, meeting rooms and co-working space.

Steve Burgess, trust chief executive, said: “This is a pivotal moment for us and the growing community of entrepreneurs in Oxford. The new location of the Oxford Centre for Innovation will not only provide start-ups with the space they need to scale but also strengthen Oxford’s position as a world-class hub for science and technology innovation.

“We’re proud to play a role in fostering this ecosystem and excited to welcome a dynamic group of start-ups to our new centre.

“The move aligns with The Oxford Trust’s mission of supporting Oxfordshire’s innovation economy, driving high-quality job creation, and contributing to the UK’s leadership in research and innovation.

“With proximity to the University of Oxford and other key academic and research institutions, the new location of the centre will enable collaboration between start-ups and world-leading researchers, creating opportunities for cutting-edge breakthroughs.”

The centre is expected to be ready for occupation in March.

CBRE and Freeths acted on behalf of The Oxford Trust.

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