Universities support North East’s economic recovery: Innovation Northumbria: Incubator

Universities have a vital role to play in helping the North East economy recover from the coronavirus pandemic.

The work being delivered by North East universities is supporting new and existing businesses to innovate and grow, and shaping and supporting a more sustainable and inclusive economy.

Durham University, Newcastle University, Northumbria University, University of Sunderland and Teesside University are all members of the North East COVID-19 Economic Response Group, which was established by the North East Local Enterprise Partnership at the beginning of the coronavirus pandemic to provide business resilience and ensure a collective response to the economic impact of COVID-19 on the North East economy.

Below is a case study from Northumbria University about it’s new Innovation Northumbria: Incubator, which supports its flourishing community of student and graduate start-ups, and provides opportunities for business partners to offer mentoring and financial backing.

Opened in October 2019 next to the University’s main campus, the state-of the-art facility provides high-quality support for student and graduate entrepreneurs, giving them the best possible opportunity to establish and grow thriving businesses.

The initiative has already received financial support from Santander Universities UK, Sir James Knott Trust, North East Times Magazine, Space Group and the North East LEP.

Northumbria is looking for additional support to set up an Enterprise Club, where members can offer pro-bono advice and expertise, and an Enterprise Fund through which they can pledge financial support to help fledgling start-ups develop proof-of-concept and feasibility business plans.

The initiative reinforces Northumbria’s reputation as a university that champions enterprise and innovation through its teaching, and the support it offers start-ups through the Student and Graduate Enterprise Service. Pioneering courses such as Entrepreneurial Business Management – where students run their own businesses – and the student-led consultancy service delivered on the Business Clinic programme, have also established Northumbria as a leader in entrepreneurial education.

The University has been ranked in the top three for graduate start-ups in the UK – based on estimated turnover – since 2011, including five years in first place. Businesses developed by Northumbria graduates had an estimated turnover on £84 million in 2018/19.

Since 2009, Northumbria has supported the development of nearly 300 new businesses which have led to the creation of more than 1,000 jobs, the vast majority of which are in the North East.

To find out more about the Innovation Northumbria: Incubator visit www.northumbria.ac.uk/incubatorlaunch.

Click here to read more about how universities in the region are playing a central role in supporting the region to recover from the coronavirus pandemic.

Click here to read more about the North East COVID-19 Economic Response Group.

Universities support North East’s economic recovery: Network-H2

Universities have a vital role to play in helping the North East economy recover from the coronavirus pandemic.

The work being delivered by North East universities is supporting new and existing businesses to innovate and grow, and shaping and supporting a more sustainable and inclusive economy.

Durham University, Newcastle University, Northumbria University, University of Sunderland and Teesside University are all members of the North East COVID-19 Economic Response Group, which was established by the North East Local Enterprise Partnership at the beginning of the coronavirus pandemic to provide business resilience and ensure a collective response to the economic impact of COVID-19 on the North East economy.

Below is a case study about Durham University’s leading role in a national research project – Network-H2 – to decarbonise transport through hydrogen-fuelled vehicles and technology.

Road, rail, air and marine transport accounts for almost a quarter of Europe’s greenhouse gas emissions making it a significant contributor to climate change. Hydrogen offers a clean and renewable alternative to fossil fuels and can bring significant environmental benefits to transport, society and the wider energy system.

Durham University is leading a national research project to decarbonise transport through hydrogen-fuelled vehicles and technology. Network-H2 brings together international experts from the energy, road, rail, air and marine transport sectors to support the decarbonisation of the whole transport network.

The project is looking at the technological, social, political and economic factors necessary to increase the use of hydrogen as fuel, and knowledge exchange between researchers and industry.

The energy sector has been identified as an area of strategic importance in North East Strategic Economic Plan. It provides huge opportunities to drive and enable regional economic growth, and North East organisations are creating wealth, skills, and jobs in the region by responding to national energy challenges and opportunities.

To find out more about Network-H2, visit www.net-zero-research.co.uk.

Read more about how universities in the region are playing a central role in supporting the region to recover from the coronavirus pandemic.

Read more about the North East COVID-19 Economic Response Group.

Future proofing the North East economy

The coronavirus pandemic has seen a period of accelerated change across the world that has left many businesses thinking long and hard about what the future holds.

The North East Local Enterprise Partnership (North East LEP) and its partners have been supporting the region’s business community to manage the impact of the pandemic and also plan for our economic recovery. Our work continues to be guided by the North East Strategic Economic Plan, which sets out our ambition to create more and better jobs by growing four specific areas of industry – digital, advanced manufacturing, health and life sciences, and energy.

To complement and run alongside the North East Strategic Economic Plan, we want to delve even deeper into the emerging markets and future trends that will dominate the UK and global economies. What are the sectors and areas of industry that will provide the greatest economic growth opportunities in the future? And how can the North East capitalise on them?

To help us answer those questions, we’re seeking to appoint a specialist contractor that can undertake an independent markets foresight analysis on behalf of the North East. We want to identify the short, medium and long-term opportunities our region should focus on to support our immediate economic recovery, and those that will help grow our economy in the future too; creating jobs for local people, attracting investment in the region, and improving our economic activity rates and productivity.

Some of the potential areas of opportunity are in response to our current situation. Active and sustainable travel, for example, has rocketed during the coronavirus pandemic and there is more demand for environmentally friendly transport solutions. How can the North East use its world-renowned expertise and skills in the automotive sector to drive forward this green revolution?

Renewable energy made up almost half of Britain’s electricity generation in the first three months 2020, further bolstering the green energy sector. What does that mean for the North East? How can we grow our share of the market?

How well positioned are we in the region to respond to future technology developments that will affect trends in key sectors; for example autonomous vehicles, the ageing population, and the rollout of 5G – or even 6G capability?

This project is about future proofing the North East economy and making sure we’re ready to respond to global economic opportunities in the wake of the coronavirus pandemic.

The North East LEP would like to undertake the economic markets foresight analysis this year, and we invite interested suppliers to join us at a online supplier briefing event on Monday 05 October from 10:00-13:00.

Find out more about this exciting opportunity to help the North East shape its future competitiveness, and sign up to attend, by visiting the eventbrite page.

By Alan Welby, Innovation Director at the North East Local Enterprise Partnership.

Supporting innovative North East firms to help lead the region’s economic recovery

The North East LEP is hosting a special event to help the North East’s innovation and technology sector understand and ask questions about the newly announced Future Fund.

Innovation, digital and technology-led businesses will power the engine that drives growth in the UK economy, and help lead the country’s, and our region’s, financial recovery from the coronavirus pandemic.

The presence and potential of technology startups is an indicator of a healthy, ambitious and resilient economy. These innovative, high potential firms feed cycles – they are a route to retaining and attracting talent in a place; they create the scale-ups of tomorrow; they can establish and support ecosystems for entrepreneurs to invest back into, which in turn attracts more entrepreneurs to a region. They build the technological innovations that will create jobs; develop supply chains; become our next exports.

This is why the Department for Business, Energy & Industrial Strategy and HM Treasury has announced a financial support package – Future Fund – to protect UK businesses driving innovation and development from the impact of the coronavirus outbreak.

Future Fund

Launching today (Wednesday 20 May), Future Fund will give high-growth companies across the UK the investment they need to continue during this crisis. Providing loans between £125,000 and £5m from the government, private investors are required to at least match the government commitment. Future Fund is delivered through the British Business Bank.

Supporting North East businesses to access funding

To help our region’s dynamic businesses bid for funding, the North East LEP is hosting a webinar to explore the specifics of the Future Fund, including eligibility criteria and the application process. This is an opportunity to hear directly from regional investors and operators, including Northstar Ventures and SeedLegals. Tech founder and entrepreneur, Paul Smith, will chair the event.

The webinar will take place at 2pm on Thursday 28 May. For further information and to register your place, please visit the eventbrite page.

We welcome registrations from technology start-ups, investors, founders and innovation-led firms across all sectors.

Looking to the future of the sector

As well as discussing the immediate funding opportunity to support businesses through the coronavirus pandemic, we will also be using this event to take a longer-term view of the digital/tech/innovation sector in the North East and explore barriers to its growth.

The North East digital strategy recognises the huge importance of our tech community, which is driven, passionate and entrepreneurial. We want to support more of this by enabling greater cross-sectoral collaboration and raising the profile of our tech sector with investors and collaborators – from across the region and beyond.

We want to strengthen the relationship between creativity and innovation to maximise the translation of ideas into new products, solutions and businesses. And we want to support the wider ecosystem so that we see more innovative start-ups launching, flourishing and staying in the North East.

Join us on 28 May at 2pm to learn more about government’s support for innovative businesses and discuss how we, as a sector, can build the right environment for high growth businesses to thrive in the North East.

By Laura Partridge, Digital Programme Lead at the North East Local Enterprise Partnership.

In conversation with Alan Welby, Innovation Director at the North East LEP, about the opening of The Biosphere

In 2005, the last batch of Newcastle Brown was produced at the Newcastle Breweries site, which stood opposite another of our city’s iconic buildings, St James’ Park.

Exported to more than 40 countries across the world, Newcastle Brown helped put Newcastle upon Tyne on the map. Fast forward to 2019 and a new building on the former brewery site is about to do the same.

The Biosphere, part of the Newcastle Helix development in the city centre, is a specialist lab facility tailored to commercialisation of life sciences. Home to some of the most innovative and pioneering health and life sciences companies operating today, the work they do in our region will impact people across the world.

The life sciences sector is one of the fastest growing areas of industry in the North East. From CPI’s (Centre for Process Innovation), world-class centres at NETPark in County Durham to the Centre for Life in Newcastle, we have developed a strong cluster that will be bolstered by the opening of The Biosphere.

Congratulations should go to Newcastle City Council for spearheading the project. It demonstrates the city’s ambition and forward thinking approach to growing our economy and creating more and better jobs by investing in sectors linked to the UK’s Industrial Strategy. Without specialist facilities like The Biosphere, ambitious companies within life sciences, healthcare and emerging fields of biotechnology will go elsewhere and that would be bad news for our region.

Being based at Newcastle Helix not only gives companies access to essential support services but also opens a wealth of opportunities such as access to university expertise and research but also the potential of collaboration with others on site – and it’s when companies collaborate that will see real innovation happening which can unlock business growth.

Let’s not forget, we also have a large NHS footprint in the North East, which means we’re home to the UK’s largest research active public health system. North East Health Trusts lead the rest of the country for involvement in clinical research with Newcastle Hospitals NHS Trust ranked first for the last six years. That’s provides a significant opportunity for health and life sciences companies working in our region.

It’s for those reasons and more the North East Local Enterprise Partnership was happy to invest £8.6m in The Biosphere from the Local Growth Fund. We recognise its importance to growing the sector and our economy as a whole. More needs to be done to commercialise the health and life sciences sector and The Biosphere will provide the right environment for that to happen.

Newcastle Brown may longer be brewed on Tyneside, so I hope you’ll join me in raising a glass of Wylam Brewery’s Jakehead IPA, or another of your favourite local ales, to toast the opening of The Biosphere.