The new project is funded by the UK Shared Prosperity Fund (UKSPF) – a central part of the Government’s levelling up agenda that seeks to provide a boost to local businesses that operate within the Central Bedfordshire area. The project builds on the success of the previous partnership, delivering business innovation and support.

As part of the plan, the University will implement business innovation and growth support initiatives across the Central Bedfordshire region, including a range of activities to help businesses receive innovation and technological support to improve their productivity, ranging from fully funded participation in short courses to personalised 1-2-1 consultancy sessions with subject experts, to capital grant funding or co-funding for short-term employees.

The University’s role in this partnership highlights its dedication to bridging the gap between academia and industry, facilitating vital impact in the local community. Together with Central Bedfordshire Council, the University is set to contribute significantly to the economic landscape of the region, fostering innovation and sustainable growth.

Nathan March, Senior Business Partnerships Manager within the University of Bedfordshire’s Research & Innovation Service, said: “The University of Bedfordshire makes a significant social and economic contribution to the local and national economy, and is well placed to support business engagement, having attracted over £20 million in business regeneration funding over the past few years.

“We are committed to nurturing the innovative and economic growth of our region's business community by forming strategic partnerships to support the future of the region and deliver our shared ambition for economic growth and prosperity.”

Cllr Mary Walsh, Central Bedfordshire Council’s Executive Member for Planning and Development, added: “Businesses in Central Bedfordshire, including those in rural areas, have tremendous potential for growth. We’re in a key location nationally and are already an attractive area for start-ups, growing businesses, and established industry. This new support will give a further boost to the local economy, attracting inward investment and creating jobs for local people.”

To find out more about the business support available through this programme via the University’s Research & Innovation Service, click here.