by Lloyd's PR
Subject to tying up formalities, it is anticipated that planning permission will be formally concluded in the next few months.
Commenting on the decision, David Moorhouse, Chairman, Lloyd's Register said, 'Achieving this planning outcome so efficiently is a credit to all those that have been involved in the application over the past few years. We would like to thank all those who have supported us.
'Over the next few months we will be entering a period of detailed contractual negotiation with the University of Southampton that is necessary to turn the scheme into a reality and to protect the investment that Lloyd's Register is making. We will be keeping everyone informed over progress of these negotiations over the coming weeks.
'The proposed move to Southampton is a ground breaking and unique opportunity to link business with academia and a significant strategic investment for Lloyd's Register. We will support the local maritime community and work in close cooperation with one of the world's leading marine academic and research universities. In return we will have direct access to an outstanding technology base and world-class R&D facilities, as well as the opportunity to collaborate with a wide range of leading professionals in our field.'