Marshall to relocate Aerospace & Defence operations
Marshall of Cambridge is relocating its world-leading Aerospace & Defence Group to a new location in the UK’s leading business and technology cluster.Three potential new ‘homes’ are being vetted – Duxford, Cranfield and RAF Wyton near St Ives.
Marshall anticipates completing the move by the end of 2030. ADG employs around 1,500 people in Cambridge.
The cost of relocation, as yet tough to specify, will run into many millions, but Marshall of Cambridge group vice-chairman Robert Marshall is adamant that the result will be world-class, state-of-the-art facilities from which the group can further grow ADG and build on its envied position and reputation in the global aerospace and defence market.
The airport and airfield land will be made available for development and fed into the Local Plan. There is massive potential for housing and ancillary facilities at the coveted site but the family-owned business is insistent that any housing element should be of the highest quality.
Proceeds from the sale and development of the airfield site will also help Marshall of Cambridge deliver on its objectives of investing in all of its businesses – including the Aerospace & Defence Group – to make them stronger and also help Cambridge sustain its growth within the UK and internationally.
The company has been considering relocation of the aerospace & defence-related elements of the business for several years but until now felt the cons substantially outweighed the pros. Management now feel the time is ripe to exploit potentially massive growth opportunities for the entire group.
Vacating the site will provide space for 12,000 homes and 5 million sq ft of business and commercial space creating a large number of new jobs.