30th May 2002

 

SUPPORT FOR CREATIVE BUSINESS START-UPS

 

Creative arts graduates in Hull will get help in setting up their own businesses if a University of Lincoln plan gets the go-ahead.

 

The university wants to incorporate a £600,000 creative arts incubator centre in its soon-to-be refurbished Queens Gardens building which houses the Hull School of Art and Design.

 

If it can attract cash from the European Regional Development Fund (ERDF) the university will set up a dedicated centre providing subsidised space, technical resources and academic expertise to graduates who want to start up new businesses.

 

The university is already pressing ahead with a similar scheme for media graduates at its Lincoln campus.

 

“We plan to use some existing funding from the Higher Education Innovation Fund (HEIF) to start the ball rolling and we expect to hear in July whether our bid for ERDF money has been approved,” said Dr Rory Perrett, business development manager in the university’s Commercial Partnerships directorate.

 

“The refurbishment of our Queens Gardens site will create extra space and if the funding is available we will be able to create an incubator centre with five studios for graduates setting up in business.

 

“The role of the centre will be to support the businesses through their crucial first 18 months with advice, subsidised rents and access to specialist equipment,” said Dr Perrett.

 

He added that the centre would be for the benefit of all creative arts graduates in Hull and not just for those graduating from the University of Lincoln.

 

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Note: The University of Lincoln announced in October plans to invest £4 million in refurbishing its city centre campus (George Street and Queens Gardens) by 2003.

 

For more information contact: Jez Ashberry, Press and Media Relations Manager

University of Lincoln

Tel: 01522 886042

email: jashberry@lincoln.ac.uk