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Enterprise Centre for Horizon 120 Business and Innovation Park

Categories

Approval Status

 

Fully Approved

Delivery Status

 

GBF Project Delivered

Project Completion Date

 

Summer 2022

​The project will support the delivery of an Enterprise Centre for local businesses, including small business start-ups, small businesses focusing on innovation and growth as well as businesses aiming to stabilise and consolidate their activities.

The new 3,100 m2 Enterprise Centre building will offer a variety of office spaces. There will also be a flexible conference space that can be transformed into smaller units.

The Enterprise Centre will provide a purpose built physical and virtual environment designed to drive collaboration, encourage idea generation and underpin problem solving.

As the focal point for Horizon 120 Business Park, the building will provide accommodation and support to germinate employment, interest and occupation.

Award of Additional GBF funding

A new GBF prioritised pipeline was established to support projects experiencing cost increases due to the impacts of the Covid-19 pandemic and Brexit or due to high inflation levels, or seeking to extend the original project to support further phases of an existing project was agreed by the Strategic Board in October 2022.

The project was included on the new GBF projects pipeline and the award of an additional £641,924 GBF was approved by the Accountability Board on the 27 January 2023. At the same meeting it agreed that GBF funding could be retained against the project beyond March 2022 for a maximum period of 12 months to 31 March 2023.

 

Project Outputs
Jobs created/safeguarded 646
Commercial space unlocked (sq m) 2,845

£85m of investment to East Sussex, Essex, Kent, Medway, Southend and Thurrock

The Getting Building Fund focuses on projects that can progress quickly and that will stimulate and better integrate economies in some of the most economically impacted and COVID-affected parts of the South East.

£85m of Getting Building Fund investment has been secured, enabling delivery of 34 projects across East Sussex, Essex, Kent, Medway, Southend and Thurrock.

Find out more here

Funding value: £7,641,924
Total Project cost: £16,641,924
Return to Capital Investment