The University of Hertfordshire Enterprise Zone will support start-up and small businesses, leading to increased economic growth, employment, turnover and investment. The University’s local area, Welwyn-Hatfield, is currently among the lowest performing for new businesses, with one-year survival rates also falling short of the national average. The Enterprise Zone will offer local companies access to new specialist workspaces, equipment and resources and encourage the development of talent through apprenticeships and student placements. A network of academic advisors, supported by our world-leading research, will enable businesses to grow and prosper.
"This initiative gives the University the opportunity to support many more small businesses and start-ups in the Hertfordshire region, extending the work of our existing enterprise programmes, such as our Business Incubator. Stimulating the growth of small businesses will help drive economic development, turnover and employment in Hertfordshire, leading to greater long-term investment in the region.”
£20 million is being allocated to 20 universities to develop new University Enterprise Zones (UEZs) across the country to provide vital specialist support to small businesses in pioneering industries – like Artificial Intelligence (AI), clean growth, smart energy and agri-food.
"Delivering on our research and innovation ambitions means putting people first, whether they are just starting out in their career or are leading major projects in academia or industry.
That’s why we are creating 20 new University Enterprise Zones, helping local start-ups to co-locate in universities to build the businesses of the future – all inspired by university research." Chris Skidmore MP, Minister of State for Universities, Science, Research and Innovation.
“We’ve been able to learn and grow from having access to the specialist expertise of a PhD student, enabling us to combine their academic research with the commercial side of developing a product for market.”
Dr Fang Liu, Fluid Pharma Founder
Such a 360-degree ecosystem offering helps develop the business further with access to experts, innovative students and excellent facilities.
Sagar Patel, Head of Sales & Marketing UK, Presto
For a business like ours, taking on a project of this size and level of complexity would usually be really difficult. The University has been an invaluable resource, equipped to support all facets of our business.
Martin Eaves, Company Owner and Technical Director, ACS