An expanding vehicle electronics company has moved into new premises in Banbury. R&D Vehicle Systems has taken 11,420 sq ft of space at 15 Beaumont Close, part of an established commercial area close to Banbury Cross Retail Park.

Established in 2004, RDVS provides electrical system and component design services to the automotive industry, and the company is relocating from the Banbury Innovation Centre to help with its continued growth.

Duncan May, associate director at agent Lambert Smith Hampton, said: “Banbury has seen a fair amount of commercial property activity in recent months, which we believe is due to the considerable development and investment planned in the area over the next few years.

“The location of this particular unit, close to Banbury Cross, town centre amenities and M40/A34 road networks, made it an attractive new home for RDVS.”