A digital rendering shows the future Cambridge Science Park, submitted with Trinity College's planning application, illustrating new labs, offices, and public spaces. [Photo/Cambridge Science Park]

Cambridge Science Park, the United Kingdom's oldest and largest hub for science and technology innovation, is planning a 30-year expansion that would triple its capacity for research-focused companies.

Under the plan now seeking consent, the park's annual economic output, or gross added value, could rise from 1 billion pounds ($1.34 billion), which is already more than twice the national productivity average, to more than 3 billion pounds.

The park is renowned for playing a pivotal role in delivering life-changing technologies, with innovations from the hub, such as smartphone chips, cancer drugs, and Bluetooth, benefiting people around the globe.

A planning application filed by Cambridge University's Trinity College, which founded the park in 1970, would, if approved, be a major economic catalyst for the region, supporters say, making the premier hub an even stronger driver of jobs and growth.