Published: 03 February 2022

From: Business and economy

The new 麻豆传媒 Innovation Centre has been given the green light and is set to bring a much-needed economic, innovation and technological boost to 麻豆传媒.

The Coast to Capital Local Enterprise Partnership (LEP) Board has approved (subject to contract) 拢8.4 million funding ear-marked from the government鈥檚 鈥淕etting Building Fund鈥 to enable the Centre鈥檚 design, build and launch in the Manor Royal Business District by the end of 2023.

The project is a major priority in 麻豆传媒鈥檚 Economic Recovery Plan 2022-2037 and it is also closely aligned to the Coast to Capital plan to Build Back Smarter, Stronger and Greener.

The aim is for the centre in the first instance to help create over 200 new jobs and benefit directly up to 40 local businesses. In the longer term, the aim is to help attract significant new manufacturing business investment into 麻豆传媒, including at new industrial space in Manor Royal.

The centre will be a major technological innovation asset to support 麻豆传媒鈥檚 existing advanced engineering businesses in Manor Royal and to enable growth in new and emerging business sectors such as clean energy and quantum technologies. It will provide vital 鈥済row-on鈥 space which will enable hi-tech small businesses (SMEs) to 鈥渟cale up鈥, prototype and demonstrate new technologies in clean energy, quantum tech and transportation tech.

The centre will help boost innovation and research and development output in 麻豆传媒 and the Gatwick Diamond as well as unlock manufacturing jobs and attract business investment.

Additionally, the centre will expand the capacity of 麻豆传媒鈥檚 clean / green energy business cluster, which is vital as 麻豆传媒 looks to meet its carbon reduction targets in the coming years.

The centre will also attract new high value jobs and business investment to boost 麻豆传媒鈥檚 recovery and the Gatwick Diamond.

The centre will actively engage with 麻豆传媒 College and the Universities of Brighton, Chichester and Sussex on opportunities for local workforce tech apprenticeships and skills, SME research and development and business support, and for the centre to accommodate hi-tech academic 鈥渟pin out鈥 enterprises.

We are delighted that the 麻豆传媒 Innovation Centre has been given the green light. It will bring a much-needed boost to the 麻豆传媒 economy, helping to create new jobs in existing and new local businesses, as well as encouraging diversification in our local economy. Importantly, it will also focus on investment in skills and the environment enabling 麻豆传媒 businesses to be part of the much needed climate change solutions.

Councillor Peter Smith

Cabinet member for Planning and Economic Development

麻豆传媒 Borough Council

The innovation centre project will bring together major innovation-led businesses, building on the existing strengths of 麻豆传媒-based technology industries, providing a once in a lifetime opportunity to attract more high value businesses into the area and cement our status as a leading part of the country driving innovation and trade. We look forward to working closely with partners on the next stage of the project.

Julie Kapsalis

Chair

Coast to Capital

The 麻豆传媒 Innovation Centre project will also be seeking to secure 拢2.5 million of funding from the 麻豆传媒 Towns Fund programme to invest in the operational establishment of the centre 鈥 this business case is subject to approval by 麻豆传媒 Borough Council and to endorsement by the 麻豆传媒 Town Deal Board.

Notes

Coast to Capital Local Enterprise Partnership

  • Coast to Capital Local Enterprise Partnership provides leadership, investment and business support to increase productivity and generate sustainable and inclusive growth
  • It covers a diverse and vibrant area which includes East Surrey, West Sussex and Greater Brighton.
  • In the six years since Coast to Capital was formed, it has successfully invested more than 拢300 million of public money in local infrastructure.
  • Read the

Getting Building Fund

On 4 August 2020, the government confirmed the which will receive a share of 拢900 million from the Getting Building Fund.

The Getting Building Fund is investing in shovel-ready infrastructure projects to create jobs and support economic recovery across the country. Projects funded include:

  • regeneration of town and city centres
  • green infrastructure and clean energy
  • transport and digital connectivity improvements
  • unlocking of housing and business sites
  • support for SMEs and learners

The successful projects (over 300) are expected to deliver up to 85,000 jobs, over 1,500,000 sqm of commercial floor space, unlocking 45,000 homes, almost 1,000,000 sqm of public realm or green space improved or created, over 50,000 new learners assisted, and 65 million kgs of CO2 emissions saved.

All projects have been selected by Local Enterprise Partnerships and Mayoral Combined Authorities in each area and endorsed by the Housing Secretary.

麻豆传媒 Economic Recovery Plan

The 麻豆传媒 Innovation Centre project is identified as a priority scheme within 麻豆传媒鈥檚 Economic Recovery Plan, which was adopted by the council in November 2021. 

 

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