We’re a University Enterprise Zone (UEZ) designated by the Government as a centre for nurturing and supporting new digital and creative businesses.
As part of our new UEZ status, Research England and the UK Government has committed £800,000 towards the £1.3 million Accelerating Innovation at the Knowledge Gateway project based at our Colchester Campus, to grow and commercialise ideas for the benefit of the UK economy.
Over the next two years we’ll be focussing on increasing business and job creation by providing budding entrepreneurs with advice and practical support, together with access to the funding necessary to scale or grow ambitious businesses.
“This provides national recognition of the Knowledge Gateway's strategic importance and further momentum to our aspirations to make it the location of choice in the eastern region for knowledge-based enterprises in science, technology and the creative sector. We've been working towards this status over the last five years, with over £50 million of investment."
University Enterprise Zones were first established in four pilot areas in 2015 – the aim was to encourage universities and businesses to work together to increase local growth and innovation. Essex is one of 20 new zones to be created.