Work on highly anticipated £18m Stowmarket Innovation Gateway complete
Mid Suffolk District Council’s Stowmarket Innovation Gateway will offer office spaces for high growth start-ups, collaboration and innovation areas, meeting rooms, a café and high-quality training spaces.
The project was made possible thanks to a Freeport East agreement to provide £16.66m to the project, with the remaining costs being provided by Mid Suffolk District Council.
Councillor Richard Winch, Cabinet Member for Housing and Property at Mid Suffolk District Council, said:
From the very get go, this has been an incredibly exciting project with the prospect of attracting and supporting innovative businesses and entrepreneurs, not only for the benefit of Stowmarket, but the wider region."
This centre was designed with growing sectors such as the green economy and digital/AI technology and I very much look forward to seeing what businesses who make use of the Stowmarket Innovation Gateway, achieve over the coming years."
Steve Beel, Chief Executive for Freeport East, said:
Tenants are able to access freeport tax reliefs and a range of support programmes and networking opportunities that are unique in the region and come from being a central part of the Freeport East model.”
Property developer, Jaynic, worked with Gateway14 Ltd and Wilten Construction to deliver the three-story building, which sits at the heart of Gateway 14 business, innovation and logistics park adjacent to Junction 50 of the A14.
The project has also been delivered in partnership with Universities of Suffolk and Essex, West Suffolk College, Suffolk New College and Colchester Institute who will be delivering a programme of professional development courses to address the region’s skills gap.
Representatives from organisations involved attended a ceremony on Friday 15 May to formally handover the new building.
It will be operated by Hethel Innovation, which provides innovation growth support to hundreds of businesses across East Anglia. It already manages three innovation hubs in Norfolk – Hethel Engineering Centre, Scottow Enterprise Park and Broadland Food Innovation Centre - stimulating regional economic growth by supporting the creation of over 1,500 jobs.
Sir Christopher Haworth, Chair of Gateway 14 Ltd, said:
This facility will provide businesses, educators, learners and occupiers with the space and resources to collaborate, build expertise, and accelerate sustainable growth. It represents a significant investment in the future of the Eastern Region and will play a particularly important role in supporting opportunity, ambition and prosperity across Mid Suffolk.”
Chris Sargisson, Chief Executive Officer at Hethel Innovation Ltd said:
“The unique blend of tech enablement, economic incentives and world-class innovation growth support for advanced technology businesses aligns fully with the UK’s industrial strategy, making the centre a highly desirable location for scaling businesses and the perfect launchpad to unlock regional growth for many decades to come.”
Ben Oughton, Development Director of Jaynic, said:
“The finished building provides a modern, future-focused facility that enables innovation and skills development while reducing environmental impact, and we are pleased to have collaborated on a project that will support business growth and opportunity across Mid Suffolk and the wider Eastern Region.”
Naim Basha, Director and Co-Founder of Wilten Construction said:
“The project provides modern, high quality facilities to support innovation, skills development and business growth, particularly in sectors such as green technology and digital and AI. As our second project delivered for Gateway 14, we’re pleased to continue a strong working relationship and to have played a role in delivering a centre that will support businesses, training and collaboration across the Freeport area.”
Gateway 14 is already home to a 1.17million sq ft logistic and distribution centre for The Range, a distribution centre for Ipswich based Bauder and factory for Assan Panels, both manufacturers of eco-friendly construction materials.
