47 Users Online

Home | News | Jobs | Business | Forums | Lifestyle | What's On | Classifieds | Contacts

Peterborough Community Website - Home

Peterborough UK
21:57 on Tuesday
6 May 2003

Cooks Audi - Designs that stand the test of time


Evenin'! Thanks for visiting www.peterborough.net!


John Lewis Peterborough - open every Sunday

Demand study firms up Innovation Centre plans

Creation of the proposed new Peterborough Innovation Centre moved a step closer this week as Greater Peterborough Investment Agency (GPIA) announced that it is fund a study into likely demand for space.

Initial plans for the development of an innovation centre to encourage the growth of knowledge-based companies in Peterborough were revealed last year. It will provide young high-tech firms with premises and a range of support services, helping them to grow and provide more high-quality jobs.

The steering group behind the project is in detailed negotiations about finance to build and run the centre and the purchase of a site.

Steering group chairman John Durance said: "Right at the outset, we undertook a study which led us to the view that we should aim for a building of between 30,000 and 40,000 square feet. This would allow us to offer accommodation to between 60 and 70 small companies with shared access to meeting rooms, a restaurant, reception and post and photocopying facilities.

"Now we are in the final stages of planning it is time to conduct a more detailed analysis of the potential market in order to ensure that we provide a facility which truly meet the needs of growing companies."

The contract to undertake the study has been awarded to St John's Innovation Centre in Cambridge which is due to report its findings within weeks.

Mr Durance said: "St John's is one of the best and longest-established innovation centres in the UK. Its experience will enable it to identify potential tenants and their needs."

The study will produce updated estimates of current and future likely demand, identify the sizes of units most likely to be required, and examine issues such as rents, preferred locations and the provision of support services.

Gloria Milne, chief executive of GPIA, said: "The Innovation Centre will be a major force for economic growth in Peterborough, creating high-quality jobs in high-tech businesses. The steering group needs to make sure that it gets the plans right from the outset and GPIA has therefore offered to assist the steering group by meeting the costs of this study."

Armed with the results of the report, the steering group will finalise negotiations for grants from the public sector bodies and loans from commercial sources.

May 2002




PNet Directory
Search for local links


(Titles Only)

Greater Peterborough Investment Agency
Tel: 01733 404390

Positively Peterborough

Your comments
Business Forum ... click here

Business Forums

UK Business News Headlines
Local Engineering News

 Last Viewed Page


Chamber of Commerce