The Unlocking Growth Fund is designed to fund projects that develop employment and workspace sites and/or premises to support and foster business growth. Several projects are currently in the pipeline with businesses cases being examined and awaiting funding agreements and final allocations. The two projects that have confirmed funding agreements so far are:
Highbridge Enterprise Centre
Highbridge Enterprise Centre Phase 2 is building on Phase 1 which opened in March 2015, adding 220m2 of workspace and a flexible work hub. Located just off Junction 22 of the M5 and close to Highbridge & Burnham-on-Sea railway station, Phase 2 will benefit from management by the existing HEC Centre Manager and offer a range of high specification facilities, with access to superfast broadband and free business advice.
Yeovil Innovation Centre
Yeovil Innovation Centre Phase 2 (YIC2) extends and improves the original, successful Yeovil Innovation Centre (YIC). Comprising 1,000 sq. m. of floor space divided into variously sized starter units. The two storey extension adds around 70% of extra start-up space for new businesses breaking into the aerospace and high-tech sectors. Latest news about Yeovil Innovation Centre start on site.
Growth Deal 2 funding for all projects: £5m