The University of Plymouth has been confirmed as the operator of the new £13 million Tremough Innovation Centre (TIC) in Cornwall.
Plymouth has signed a 25-year management contract to deliver on behalf of Cornwall Council, which owns the site adjacent to the university campus at Tremough.
Plans for the facility – the second of its type in the county – were unveiled earlier this month, with the project also being supported by Cornwall Development Company (CDC). Investment has been provided by the ERDF Convergence Programme and the South West RDA.
The University of Plymouth already operates the Pool Innovation Centre, which opened last July and is enjoying great success housing a range of dynamic companies.
Vice-Chancellor Professor Wendy Purcell said: “TIC reflects Plymouth University’s enterprise in action agenda. This new Innovation Centre is a great opportunity to drive economic development by working closely with the business community and drawing them into the knowledge base in and around the Tremough campus. Our centre at Pool is going really well and we expect to see lots of successful enterprises emerging from the TIC.”
TIC will house up to 70 businesses with two shared meeting rooms, break out rooms and a conference facility, and is expected to create over 140 jobs for the local economy.
Carolyn Rule, Cornwall Council cabinet member, said: “We are looking forward to continuing to work with the University of Plymouth to build on the success at Pool. The Tremough Innovation Centre will build on investments on the adjacent campus and be a cornerstone of the knowledge economy which is so important to the success of businesses in Cornwall.”