Business minister celebrates groundbreaking Technology Entrepreneurship Centre
Anna Soubry, Minister for Small Business, visited The University of Nottingham to mark the start of work on a new £5.2m Technology Entrepreneurship Centre which will house the next generation of Nottingham’s entrepreneurs.
The Technology Entrepreneurship Centre (TEC), a new 2,000 m2 3-storey building based at The University of Nottingham Innovation Park, is being built by our Nottingham-based construction client, Robert Woodhead, based on a design by the award winning architects, Bond Bryan.
To celebrate the start of work, we supported the University of Nottingham and Robert Woodhead to arrange an event on site. In addition to Anna Soubry’s attendance, the event also attracted attention from Nottingham Post, Notts TV, Insider Media and East Midlands Business News, who all covered the story.
Designed to reflect the local industrial heritage of the area surrounding Innovation Park, the architecture of the Technology Entrepreneurship Centre, which is based on the shape of a tyre, honours the Raleigh cycles factory, which dominated the Triumph Road site from the 1930s until the end of the 20th century.
David Woodhead, Managing Director of Robert Woodhead, said: “We’re delighted to again be working in partnership with the University of Nottingham on such a prestigious project. The TEC Incubator Building will be an iconic structure, in the heart of the thriving Jubilee campus. I am incredibly delighted that Woodhead, a local SME, has been selected to build the landmark structure for a leading university in the UK. I am immensely proud of the work that the whole team put in to secure such a landmark project.”
The University was awarded £2.6m from government for the Technology Entrepreneurship Centre through the University Enterprise Zone programme, one of only four universities in the country to be awarded enterprise zone status.
Speaking about the Technology Entrepreneurship Centre, Anna Soubry said: “It is vitally important that young entrepreneurs are given every opportunity to develop and thrive. I believe that small businesses are the lifeblood of the local economy, and the new Technology Entrepreneurship Centre at The University of Nottingham will provide entrepreneurs with a home where they will receive specialist support and an environment where they can fulfil their potential.
“The TEC is a great example of why University Enterprise Zones were established. It will enable local businesses to work hand in hand with The University of Nottingham to boost growth and create jobs. Combining the expert knowledge at the University with new business ideas will help to create a strong and innovative local economy.”
The Technology Entrepreneurship Centre will focus on supporting businesses which operate in sectors of key local and national importance, such as Big Data & Digital, Advanced Manufacturing, Aerospace and Energy. The aim of the Centre is to create 50 new businesses by 2019, generating 350 new jobs and delivering a combined turnover of £25m by 2021.