Cornish companies race to the finish in competitive Scalextric championship

Tremough Innovation Centre celebrated the news it has supported businesses based there to grow by a record 20 per cent during the last year by hosting a lively Scalextric championship at its 2nd anniversary party.

Growing companies located at the business acceleration centre, located next to the Penryn campus near Falmouth, each put forward a team member to compete in a fast-paced competition of the electric racing car game using a giant Scalextric set laid out in one of the centre’s conference rooms.

After a series of heats held the previous day, the top performing four drivers raced in a highly competitive final held yesterday (May 22nd) during the centre’s second-year anniversary party.

Gareth Craddock from Wardell Armstrong took the chequered flag and was crowned the winner before Tremough clients enjoyed a hog roast and celebratory party to mark both the centre’s 2nd birthday, and impressive recent growth statistics announced by the SERIO research unit which show 20 per cent growth for centre businesses in the last 12 months.

Richard Snell, manager of Tremough Innovation Centre (TIC), said: “We have regular social get-togethers here so that clients can meet, which often leads to businesses linking up and working together, but this one was a particularly special social event as it marked our official second birthday.

“We also celebrated the recent SERIO report which found we have supported businesses here at TIC to enjoy annual growth rates of 20 per cent – double the national average of 10 per cent.

“We decided to theme the party around Formula 1 with the Grand Prix in Monaco happening this month, and our clients embraced the Scalextric competition very enthusiastically.”

Tremough is one of three award-winning business acceleration facilities operated by Plymouth University on behalf of Cornwall Council and with the support of GAIN, the Growth, Acceleration and Investment Network working to boost economic growth and job creation in the South West.

The centre opened in 2012 to support innovative companies from the eco, enviro, media and creative sectors, and is now home to 47 growing companies.

The news that TIC has helped its businesses to grow by 20 per cent follows a report published earlier this year that revealed Tremough’s sister centre, the Health and Wellbeing Innovation Centre (HWIC) in Truro, has supported the creation of more than 33 full time jobs and helped achieved growth of 46 per cent for its client businesses during its first year.

Last autumn, the third facility - Pool Innovation Centre - celebrated its third anniversary with the announcement it had helped its businesses grow up by up to 40 per cent and supported the creation of 100 jobs since it opened in 2010.

Bernard Curren, Plymouth University’s Innovation Lead and director of Cornwall Innovation, said: “It is fantastic to see year-on-year growth of the businesses based at our three Innovation Centres continuing to more than double the national average, proving once again the enormous benefits for companies with growth aspirations of being based at an Innovation Centre.

“The facilities offer much more than state-of-the-art office accommodation, with the tangible support provided by the Cornwall Innovation staff enabling these dynamic companies to focus entirely on growing their business as quickly as possible, creating increasing numbers of high quality, sustainable jobs for the region in the process.”

The three Cornwall Innovation Centres are home to 140 businesses overall, employing around 480 people. The centres are ranked as amongst the best in the world by UK Business Incubation (UKBI), having achieved INSPIRE accreditation.

Cornwall Innovation is supported by the Cornwall Development Company (CDC) with £29million of investment provided by the European Regional Development Fund (ERDF).

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For more information contact: Mary O’Leary, DCA Public Relations, 01208-77900 [email protected]

Notes to editors:

Cornwall Innovation Centres

The pioneering Innovation Centres are operated by PlymouthUniversity on behalf of Cornwall Council, who opened the centres with support from Cornwall Development Company (CDC) and significant investment provided by the ERDF (European Regional Development Fund) Convergence Programme.

About ERDF Convergence

The Cornwall & Isles of Scilly Convergence European Regional Development Fund Programme 2007 to 2013 is managed by the Department for Communities and Local Government. It is one of the funds established by the European Commission to help local areas stimulate their economic development by investing in projects which will support local businesses and create jobs.

www.gov.uk/browse/business/funding-debt/european-regional-development-funding

www.erdfconvergence.org.uk   


Friday 23 May 2014