▁Following ▁early ▁work ▁during ▁the ▁ 1 9 9 0 s , ▁a ▁final ▁design ▁study ▁was ▁completed ▁in ▁ 2 0 0 1 ▁by ▁scient ists ▁at ▁D ares bury ▁Labor atory ; ▁construction ▁then ▁began ▁following ▁the ▁creation ▁of ▁the ▁operating ▁company , ▁DI AM ON D ▁Light ▁Source ▁Ltd . ▁The ▁name ▁DI AM ON D ▁was ▁originally ▁conce ived ▁by ▁Mike ▁Po ole ▁( the ▁origin ator ▁of ▁the ▁DI AM ON D ▁project ) ▁and ▁stood ▁as ▁an ▁ac ron ym ▁meaning ▁DI pole ▁And ▁Mult ip ole ▁Output ▁for ▁the ▁Nation ▁at ▁D ares bury . ▁ ▁With ▁the ▁location ▁now ▁being ▁Oxford shire , ▁not ▁D ares bury , ▁the ▁name ▁reflect s ▁the ▁syn ch ro tr on ▁light ▁being ▁both ▁hard ▁( refer ring ▁to ▁the ▁" hard " ▁X - ray ▁region ▁of ▁the ▁elect romagnet ic ▁spectrum ) ▁and ▁bright . ▁ ▁Diam ond ▁produced ▁its ▁first ▁user ▁beam ▁towards ▁the ▁end ▁of ▁January ▁ 2 0 0 7 , ▁and ▁was ▁formally ▁opened ▁by ▁Queen ▁Elizabeth ▁II ▁on ▁ 1 9 ▁October ▁ 2 0 0 7 . ▁ ▁The ▁facility ▁is ▁operated ▁by ▁Diam ond ▁Light ▁Source ▁Ltd , ▁a ▁joint ▁vent ure ▁company ▁established ▁in ▁March ▁ 2 0 0 2 . ▁The ▁company ▁receives ▁ 8 6 % ▁of ▁its ▁fund ing ▁from ▁the ▁UK ▁Government ▁( via ▁the ▁ST FC ) ▁and ▁ 1 4 % ▁from ▁the ▁Well come ▁Trust . ▁Diam ond ▁cost ▁£ 2