Sending out a positive message to entrepreneurs
Ensuring all customers, visitors and events are fully catered for, the centre provides on-site facilities including a café and areas for students to develop business ideas and space to showcase research, linked to the creative and digital sectors.
The centre is being backed by £2m of support from the Government’s Local Growth Fund via the South East Local Enterprise Partnership (SELEP) and a further £2m from Essex County Council.
Adam Bryan, Chief Executive of SELEP, said: “This investment creates an environment in which rapid-growth businesses and our entrepreneurs of the future can work alongside each other. The aim is to bring forward ideas and get them to market to drive forward the South East economy.
“This important collaboration between the University, Oxford Innovation, ourselves and the County Council, will send out a very positive message to local entrepreneurs that we are committed to supporting them on their path to commercial success.”
Cllr Tony Ball, Essex County Council Cabinet Member for Economic Development, said: “Essex County Council is proud to have contributed £2m to assist the University of Essex in creating this Innovation Centre, which will support businesses, and connect them to cutting-edge researchers and gifted students.
“We look forward to the University and businesses from across Essex using the Innovation Centre’s facilities; creating a long and lasting impact in growing the digital and science based business base of the County.
“This is all part of the county council’s backing for businesses to create great jobs, and increase the earning power of people throughout Essex, with investment in skills and industries. Which means our County is working overtime to deliver the Government’s Industrial Strategy and helping to make Essex the place to be for businesses and people to really thrive.”