Jobs boost at Mansfield iCentre
More than 50 new jobs have been created at Nottinghamshire's three innovation centres in the last year.
Despite the recession, the number of people employed by tenant businesses at Mansfield iCentre, Newark Beacon and Worksop Turbine increased from 345 in May 2011 to 399 in May 2012.
The largest increase in jobs - 34 - was at Worksop Turbine, with an additional 15 at Mansfield iCentre and four at Newark Beacon.
The number of tenant businesses also increased at the three centres in the same period - from 83 to 90 - which contributed to an increase in the occupancy level across the three centres, from 71% to 72.7%.
And five businesses 'graduated' after out-growing the innovation centres and moving on into their own newly purchased or other leased premises - often creating further new jobs in the process.
The innovation centres are owned by Nottinghamshire County Council, the respective District Council in each area and the Homes and Communities Agency. Oxford Innovation Ltd was appointed on a five year contract to run the centres on their behalf in March last year.
As well as providing high quality accommodation and support for fledgling businesses, the innovation centres are helping to kick start the economy in Notts by encouraging the creation of high value jobs.
Innovation centre companies benefit from free business support high-spec accommodation, modern telephony and IT facilities, access to meeting and conference facilities, on site cafes and in the case of the Mansfield iCentre, an on-site nursery.
The centres particularly aim to nurture new and innovative knowledge-based businesses, which in turn bring higher-skilled and better paid jobs in parts of the county where skill levels and wages are traditionally low.
Councillor Keith Girling, Chairman of Economic Development at Nottinghamshire County Council said, "We took the decision to combine the management of Nottinghamshire three innovation centres last year, which is really reaping rewards for the economy in North Nottinghamshire. I am delighted how the innovation centres have progressed in the last 12 months, which is remarkable against the backdrop of a recession.
"The increase in jobs and businesses at the centres only tells part of the story though. The investment being made by the County Council, District Councils and Homes and Community Agency in high quality accommodation and intensive support will benefit the Nottinghamshire economy for years to come by developing great businesses which will provide high-value jobs in the future."
Mansfield District Council's Executive Mayor, Tony Egginton added, "I am proud of the continuing success of the Mansfield iCentre as one of the group of innovation centres across North Nottinghamshire. It is seen locally as a centre of excellence for nurturing and developing innovative businesses, which lead to the creation of high-value jobs for the benefit of local people and the local economy."
For further information about Nottinghamshire's innovation centres, contact: