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17 November 2002

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Possible sites listed for Peterborough Innovation Centre


City-based commercial property specialist Barker Storey Matthews has produced a list of possible sites for the proposed Peterborough Innovation Centre - an 'incubator' for young knowledge-based firms which will offer them not just premises to work from but a range of support services.

The firm was commissioned by the steering group for the innovation centre to advise it on suitable locations and has identified more than 20 possibilities.

John Dadge of Barker Storey Matthews said: “We are now discussing the list with the steering group which will reduce it to a shortlist of perhaps three or four for more detailed discussion and investigation."

For commercial reasons, none of the sites is being publicly identified at this stage.

Mr Dadge added: "There is a high demand for small units of the quality that will be available at the innovation centre. With the benefits of Peterborough’s excellent transport network and the support services that will be available here, we are confident young companies will choose the Peterborough centre over similar projects located elsewhere in the country.

“This exciting project has our full support and we believe it will be a great success and an asset for the city.”

Funding to secure the creation of the Peterborough Innovation Centre is still being sought and it is anticipated this will come from both the private and public sectors.

Steering group chairman John Durance said: "The steering group is obviously keen to find suitable sites as soon as possible in order to take the project forward. Within the next few months we will narrow down the options that Barker Storey Matthews has identified and enter into initial discussions with the owners, with the aim of securing the best possible site.

"Barker Storey Matthews’ knowledge and expertise within the commercial property business in the area will prove to be invaluable in finding a site which meets our selection criteria and which will be attractive to future tenants."

Feasibility studies have already assessed market demand for an innovation centre in Peterborough and have concluded that it should occupy between 30,000 and 40,000 square feet (2,800 and 3,700 square metres). It will provide clients from a wide variety of business sectors, and which meet a set of entry requirements, with units ranging in size from 275 square feet to 1,700 square feet (23 to 160 square metres). There will also be central meeting rooms, a restaurant, reception and post and photocopying facilities - all situated in a purpose-built building.

October 2001

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Contact:
John Dadge 
Barker Storey Matthews
Tel:  01733 897722 
Email: [email protected]

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