Growth Deals<\/p>
Several accelerator and incubator projects were proposed under Growth Deals and the details of these and the associated costs are attached in the annex. Note that Local Enterprise Partnerships (LEPs) have the flexibility to reprioritise projects based on local needs.<\/p>
<\/p>
At Budget 2015 the government announced an additional £11m investment in new tech entrepreneur hubs in Manchester, Leeds and Sheffield. They will create thriving local ecosystems by nurturing start-ups, fostering collaboration, and providing mentoring, learning and business support.<\/p>
<\/p>
University Enterprise Zones<\/p>
The Department for Business, Innovation and Skills (BIS) is investing £15m capital in a three year pilot (14/15 \u2013 16/17) to establish four University Enterprise Zones (UEZs) in Bradford, Bristol, Liverpool and Nottingham. Led by Universities, the UEZs will provide physical space/facilities for small, innovative start-up businesses. Businesses will also be able to access wraparound business support packages, specialist facilities and expert knowledge, including support from UKTI<\/a> to promote inward investment onto their sites. The Government investment of £15m will leverage over £47m from private and public sector sources. The UEZs are focused on sectors of relevance to the areas \u2013 digital health, robotics, sensors and advance manufacturing.<\/p> <\/p> Projects commenced in the second half of 2014/15 and the majority of the funding will be pulled down in years 15/16 and 16/17. The first centres will open for business in spring 2016.<\/p> <\/p> Profiled expenditure is in the table below.<\/p>
Year<\/p><\/td> | Total<\/p><\/td><\/tr> |
2014/15<\/p><\/td> | £0.848m<\/p><\/td><\/tr> |
2015/16<\/p><\/td> | £7.054m<\/p><\/td><\/tr> |
2016/17<\/p><\/td> | £7.499m<\/p><\/td><\/tr><\/tbody><\/table> <\/p> Science Park Business Incubator<\/p> The Government is providing £4.8m capital funding in 2015/16 for a new business incubator on Cambridge Science Park (Cambridge Science Park Technology Centre). The incubator will support innovative, early stage companies, primarily in the life sciences sector. This forms part of the Government\u2019s long term economic plan for the East of England to increase the growth rate, building on the world class science and technology base of Cambridge and the surrounding area.<\/p> Full details of current Growth Deals projects can be found in the attached document.<\/p> <\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/4070", "label" : {"_value" : "Biography information for Matt Hancock"} } , "answeringMemberConstituency" : {"_value" : "West Suffolk"} , "answeringMemberPrinted" : {"_value" : "Matthew Hancock"} , "attachment" : {"_about" : "http://data.parliament.uk/resources/228067/answer/attachment/1", "fileName" : {"_value" : "Growth-Deals-Projects-Details-228057.doc"} , "title" : "Growth Deals project details"} , "dateOfAnswer" : {"_value" : "2015-03-24", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2015-03-24T11:28:02.663Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "26"} , "answeringDeptShortName" : {"_value" : "Business, Innovation and Skills"} , "answeringDeptSortName" : {"_value" : "Business, Innovation and Skills"} , "date" : {"_value" : "2015-03-18", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "New Businesses"} , "houseId" : {"_value" : "1"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"} } ], "questionText" : "To ask the Secretary of State for Business, Innovation and Skills, how much his Department has invested in start-up accelerators and incubators in each of the last five years.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/4044", "label" : {"_value" : "Biography information for Andrew Stephenson"} } , "tablingMemberConstituency" : {"_value" : "Pendle"} , "tablingMemberPrinted" : [{"_value" : "Andrew Stephenson"} ], "uin" : "228057"} , {"_about" : "http://data.parliament.uk/resources/228259", "AnsweringBody" : [{"_value" : "Department for Business, Innovation and Skills"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/228259/answer", "answerText" : {"_value" : " Discussions with Clarion Defence and Security Limited on the review of the Memorandum of Understanding (MOU) have commenced. These discussions have not yet been concluded and are unlikely to do so before the early summer of 2015. When complete, the MOU will be placed in the Libraries of both Houses.<\/p> <\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/4070", "label" : {"_value" : "Biography information for Matt Hancock"} } , "answeringMemberConstituency" : {"_value" : "West Suffolk"} , "answeringMemberPrinted" : {"_value" : "Matthew Hancock"} , "dateOfAnswer" : {"_value" : "2015-03-24", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "previousAnswerVersion" : {"_about" : "http://data.parliament.uk/resources/228259/answer/previousversion/52075", "answeringMember" : {"_about" : "http://data.parliament.uk/members/4070", "label" : {"_value" : "Biography information for Matt Hancock"} } , "answeringMemberConstituency" : {"_value" : "West Suffolk"} , "answeringMemberPrinted" : {"_value" : "Matthew Hancock"} } , "questionFirstAnswered" : [{"_value" : "2015-03-24T15:28:54.657Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "26"} , "answeringDeptShortName" : {"_value" : "Business, Innovation and Skills"} , "answeringDeptSortName" : {"_value" : "Business, Innovation and Skills"} , "date" : {"_value" : "2015-03-18", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Arms Trade: Export Controls"} , "houseId" : {"_value" : "1"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"} } ], "questionText" : "To ask the Secretary of State for Business, Innovation and Skills, with reference to the Government's response to the First Joint Report of the Committees on Arms Export Controls, Cm 935, published in October 2014, what progress has been made on the review of the Memorandum of Understanding (MoU) between Clarion Events and the Export Control Organisation; and if he will publish the (a) findings of that review and (b) revised MoU.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/3930", "label" : {"_value" : "Biography information for Caroline Lucas"} } , "tablingMemberConstituency" : {"_value" : "Brighton, Pavilion"} , "tablingMemberPrinted" : [{"_value" : "Caroline Lucas"} ], "uin" : "228210"} , {"_about" : "http://data.parliament.uk/resources/228305", "AnsweringBody" : [{"_value" : "Department for Business, Innovation and Skills"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/228305/answer", "answerText" : {"_value" : " The Department for Business, Innovation and Skills has indicated that it will not be possible to answer this question within the usual time period. An answer is being prepared and will be provided as soon as it is available.<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/4070", "label" : {"_value" : "Biography information for Matt Hancock"} } , "answeringMemberConstituency" : {"_value" : "West Suffolk"} , "answeringMemberPrinted" : {"_value" : "Matthew Hancock"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} } , "answeringDeptId" : {"_value" : "26"} , "answeringDeptShortName" : {"_value" : "Business, Innovation and Skills"} , "answeringDeptSortName" : {"_value" : "Business, Innovation and Skills"} , "date" : {"_value" : "2015-03-18", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Trade Promotion"} , "houseId" : {"_value" : "1"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"} } ], "questionText" : "To ask the Secretary of State for Business, Innovation and Skills, what the total cost was of the GREAT campaign launch in Shanghai; what the cost was of each element of that launch; and if he will publish a list of attendees at that launch.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/3928", "label" : {"_value" : "Biography information for Nick Smith"} } , "tablingMemberConstituency" : {"_value" : "Blaenau Gwent"} , "tablingMemberPrinted" : [{"_value" : "Nick Smith"} ], "uin" : "228206"} , {"_about" : "http://data.parliament.uk/resources/228306", "AnsweringBody" : [{"_value" : "Department for Business, Innovation and Skills"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/228306/answer", "answerText" : {"_value" : " The reception cost £85,000 with 35% funded by the private sector. Approx. £37,000 was spent on venue hire, food and drink, £48,000 on event management, logistics and security.<\/p> <\/p> <\/p> <\/p> Approximately 500 guests from the creative sector including major studios and film production companies, sponsors, c-suite representative of British businesses with a presence in California as well as potential US investors in the UK, elected officials and media figures as well as more than 30 British Oscar nominees<\/p> <\/p> <\/strong><\/p> <\/p>"}
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