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23 November 2001

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Peterborough Innovation Centre - steering group appoints Rawlinsons


City-based accountancy firm Rawlinsons has been appointed by the steering group of the proposed Peterborough Innovation Centre to act as financial adviser to the project. The centre is intended to act as an incubator for young knowledge-based firms, offering them not just premises to work from but a range of support services to ensure their success.

Chris Collier, senior partner at Rawlinsons, said: “At this early stage our work will focus on providing the steering group with cash flow forecasts and preparation of a business plan to confirm the viability of the project.

"I can report that at the present time the innovation centre looks like a very viable proposition and Rawlinsons is excited and pleased to be involved”.

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: "As the project moves toward implementation it is important that we develop appropriate financial structures and procedures. Rawlinsons will play a key role in ensuring that this is done."

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.

The steering group is currently assessing potential sites for the innovation centre with the assistance of Peterborough-based chartered surveyor Barker Storey Matthews.

October 2001

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Chris Collier Rawlinsons
Tel: 01733 568321 
Email: [email protected]

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