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.