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Innovation Centre plans develop

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Plans for an innovation centre in Peterborough - a central focus for supporting new companies with plans for rapid growth - are being developed by Opportunity Peterborough with the help of the local business community.

Opportunity Peterborough

Opportunity Peterborough, the organisation responsible for leading the future development of the city, has appointed specialist consultancy firm UK Business Incubation to produce detailed proposals. As part of their research its consultants are meeting local business people, ranging from those actually running small businesses of the type that might use an innovation centre to the leaders of the city's biggest companies.

Opportunity Peterborough chief executive Jody Tableporter said: "We need to ensure that an innovation centre in Peterborough will meet the real needs of businesses in the city. UK Business Incubation is exploring with the business community exactly what facilities and services an innovation centre should offer if it is to make the maximum impact on our local economy."

Peter Harman of UK Business Incubation said: "The innovation centre will need to concentrate on the companies with bright ideas that have the potential to grow rapidly into being significant local employers.

As well as holding individual meetings with business people, UK Business Incubation has already run two breakfast events, each attracting more than 30 company directors and managers, to discuss the issues involved in running a successful innovation centre.

Previous plans for an innovation centre to be built at Peterborough Business Park, opposite the East of England Showground, were discussed in 2005.

Jody Tableporter said: "Opportunity Peterborough's current work is intended to get an innovation centre delivered. UK Business Incubation will complete its report within weeks and we will then be in a position to decide with partners exactly how to move forward."

An innovation centre could create an important link between the city's developing university and its key business clusters in the environment, food and media sectors. It could also play a key role in helping to attract dynamic young businesses into the city.

March 2007 - Peterborough UK Community Website




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