Business
Second Queen's Award for Greeham Common trust
21st April 2008
The Queen’s Award Office has today (Monday) announced that the Greenham Common Trust has, for the second time, been conferred with “The Queen’s Award For Enterprise: Sustainable Development” in recognition of its work regenerating the former RAF Greenham Common airbase in Newbury as a sustainable business park.New Greenham Park was the first commercial property development ever to receive this prestigious commendation when the Greenham Common Trust was first granted The Queen’s Award For Enterprise: Sustainable Development in 2003.Since its creation in 1997 the Trust has transformed 150-acres of the former nuclear airbase into a mixed-use business campus, which now produces an annual income of around £2 million that is distributed to local good causes and social projects through charitable awards and has enabled the restoration of 750-acres of Greenham Common.Sir Peter Michael, chairman of the Greenham Common Trust, said: “The Trust was formed in 1997 with a vision of creating and managing a business park in an innovative way, which would enable it to add to the wealth and prosperity of the wider community. Over the past decade the Trust has distributed over £8,500,000 into the local area, supporting social, educational, environmental and artistic projects within the community. We believe that New Greenham Park provides a blue print for sustainable urban regeneration and to have received The Queen’s Award for a second time is not only a tremendous honour but an acknowledgment of the Trust’s radical approach to the regeneration of the former airbase.”
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