Project Status - Completed
- Start Date: 01/04/2017
- End Date: 05/03/2021
- Local Growth Fund allocation: £1,580,000
- Awarded to: Arts University Bournemouth
Project Summary
Established in 1885 as a specialist institution, Arts University Bournemouth (AUB) is a leading university offering high quality specialist education in art, design, media and performance across the creative industries.
AUB secured funding from the government's Local Growth Fund to support businesses in Dorset to research, innovate and develop their ideas by providing an Innovation Studio. The studio will act as base for small business start-ups, many of which will consist of AUB graduates.
The university has created a new state-of–the-art Innovation Studio facility on its campus to support and develop digital and creative industries. Designed to be both functional for its purpose and inspiring in its appearance, the Innovation Studio is set to be unique.
The Innovation Studio has the potential to deliver significant benefits to the region by encouraging employability between the university and local business, acting as a catalyst for growth. These businesses will be also be assisted by leading experts who work at the university and from contacts in the wider industry.
The Innovation Studio became fully operational in September 2021.
Main Outputs:
- Innovation studio built
- 0.16 hectares of land unlocked
- 502.75 sqm of floor space created
Predicted outcomes by March 2025:
- 65 Jobs created/safeguarded
- 100 New Learners assisted
- 44 Business start-ups
- 40 Graduate start-ups
- 40 Enterprises receiving non-financial support
- £13,124,880 GVA from salaries to local economy
View the End of Project Report
