14th June 2010, 3:57pm  (updated 14th June 2010, 4:39pm)
Enterprise key to economic survival
LVA The services offered in the University’s new Enterprise building are exactly what are needed to get the UK economy through the tough times ahead, according to its chancellor, Lord Victor Adebowale.

Lord Victor, who is also the Chief Executive of the social care organisation Turning Point and sits on the System Review Committee for the UK Commission for Employment and Skills, made the comment as he officially opened the Enterprise centre at the University’s Brayford campus.

He said: “The future will be created through enterprise – in buildings like this.

“I attended a meeting at the UK Commission for Employment and Skills just the other day and this is exactly what we were talking about. Encouraging enterprise is essential and partnerships between universities and businesses will play a fundamental role in helping this country to get through these difficult times.”

Enterprise@Lincoln is the University’s central department for employer engagement and business services and has been part-funded by the East Midlands Development Agency (emda) and Lincolnshire Enterprise. The team can provide research, knowledge exchange, support with graduate internships, and staff training to enhance business competitiveness.

The project follows the success of the original Sparkhouse Studios at the University which have supported the incubation of 60 new businesses, created 82 new jobs, developed 246 potential entrepreneurs and helped businesses secure more than £1m of investment capital.

Lord Victor’s comments are supported by the annual Higher Education – Business and Community Interaction (HE-BCI) survey, released today. The survey shows that even in the current economically unstable period, universities and other higher education institutions (HEIs) are increasingly successful at using their knowledge, expertise and facilities to contribute to the UK economy through research, professional training, consultancy and services, spin-off companies and new enterprises, and to generate income to support their core activities.

David Willetts, Minister of State for Universities and Science, said:
“The UK's universities are not only world-leading educational establishments, but vital contributors to our nation’s prosperity. The HE-BCI survey shows that even in difficult times, universities and other higher education institutions are using their knowledge, expertise and facilities to contribute to the UK economy. In these difficult economic times we face, the whole nation stands to benefit.”

The building design, developed by University of Lincoln Architects (ULA) is a low carbon building, utilising recycled materials and boldly expressing the features of environmental sustainability.

To find out more about what Enterprise offers, visit enterprise@lincoln.ac.uk or call 0800 915 5278.

For more information about the UK Commission for Employment and Skills visit http://www.ukces.org.uk/about-ukces/

Details of the HE-BCI survey can be found at http://www.wired-gov.net/wg/wg-news-1.nsf/lfi/DNWA-86EDKJ
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