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Henry Boot PLC on Monday said its property investment and development arm has secured forward funding for the first phase of the Golden Valley mixed-use development. The Sheffield, England-based construction and property development firm said phase one of the programme comprises Idea, a 160,000 square foot innovation centre, together with Router, a transport hub with supporting infrastructure. The first phase has a gross development value of £95 million. The overall development is worth £1 million. Henry Boot said it is ‘central to the UK’s national cyber strategy’ and will create around 1 million square feet of prime commercial space with ‘high-quality homes’. The first phase of the development, which is in Cheltenham, England, is fully funded by private sector investment and Cheltenham Borough Council. Henry Boot noted that Idea is now 68% pre-let or under offer within a year of securing planning, with ‘significant occupier interest’ in the remaining space. ‘The forward funding adds another significant and important project to HBD’s committed development programme. Work is now underway, with completion anticipated in early 2028,’ Henry Boot added. HBD, Henry Boot’s property investment and development unit, will benefit from a development management fee. Henry Boot said it expects progress on the first phase to support occupier interest in pre-letting space at phase two of the project. This consists of two buildings, known as Input and Output, which will provide 188,000 square feet of flexible commercial space. The wider scheme includes outline planning consent for up to 443 new homes. Henry Boot said it has begun marketing the land for sale to a ‘residential delivery partner’. Chief Executive Officer Ed Hutchinson said: ‘Securing forward funding for Idea is a major milestone for Golden Valley and for Henry Boot. It underlines the strength of the development, the quality of our expertise and the importance of Golden Valley as a nationally significant innovation and cybersecurity campus. ‘With the majority of the space in the first phase already let or reserved, we now have strong momentum as we commence construction. Our aim is to deliver a landmark mixed-use destination that supports UK growth, security and innovation.’ Shares in Henry Boot were up 7.0% at 169.00 pence on Monday morning in London. Copyright 2026 Alliance News Ltd. All Rights Reserved.
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