The commercial director at a business and technology park near Didcot said he expects "renewed confidence and stability" in the sector following the Labour party's general election win.

MEPC Milton Park's Philip Campbell welcomed the Labour Government's "bold commitments" to support the UK's science and technology industry.

He said: "With the results in, we welcome the renewed confidence and stability the sector will have in the wake of the election.

Milton ParkMilton Park (Image: Milton Park)

"The new Labour Government has made bold commitments to continue to support the UK’s science and tech capabilities."

Didcot and Wantage’s new MP is Olly Glover, who represents the Liberal Democrats.

Conservative politician David Johnston lost his seat in the constituency after getting 15,560 votes, 6,233 fewer than Mr Glover.

Mr Campbell continued: "We want to work closely in partnership with Peter Kyle and his team going forward, to realise the built environment's potential in unlocking economic growth.

"Milton Park's 10-day Local Development Order is an example of that collaboration in practice.

"A streamlined planning process, it has seen a joined-up approach across local government, innovation clusters and the built environment, which allows Milton Park and its occupiers to quickly capitalise on growth opportunities.

“When partnerships like those work, they can truly turbocharge the UK's world-leading research and development capabilities, and strengthen the demand for flexible laboratory and commercial space across the UK’s innovation ecosystem.”