Techs Drive Occupancy Increase at Innovation Centre
TABLE TORQUE: Fareham Innovation Centre has seen occupancy rise by 17% over the past 12 months. Centre Director Stephen Brownlie is pictured with a glass-top coffee table fashioned from a V-12 engine from a Second World War Supermarine Spitfire.
Fareham Innovation Centre has seen occupancy rise by 17% over the past 12 months.
The business hub bucked economic trends with a series of signings and on-site expansions since May 2020.
With 55 serviced offices and 20 fully occupied workshops, the centre is now home to 60 SMEs – many of which are involved in technology.
Designed for start-ups and early-stage businesses, the centre provides a supportive ecosystem for occupiers in marine, aviation, aerospace engineering and advanced manufacturing.
Stephen Brownlie is Centre Director at Fareham Innovation Centre, which is run by Oxford Innovation, the UK’s largest operator of innovation centres, on behalf of building owner Fareham Borough Council.
He said: “Just over 6,000 sq ft has been signed up from a range of tech businesses over the past year, with occupancy increasing by 17% since May 2020.
“This shows optimism and confidence by new and expanding occupiers – they have been planning ahead beyond the challenges posed by Covid-19 restrictions.
“Our customers are telling us that the centre offers a supportive ecosystem and is suited to the new flexible working trend highlighted in a topical survey by Microsoft in the UK and globally.
“We’re also being told by smaller businesses that they prefer the financial reassurance of monthly licences rather than committing to long-term office leases where you’re tied down for a set number of years.”
Business support ranges from one-to-one mentoring, workshops, signposted funding opportunities, seminars, programmes and, with the universities of Southampton, Solent and Portsmouth, internships; there are also apprenticeships through Fareham College.
Latest occupiers include Ecomar Propulsion, a specialist in zero emission marine engines with a 398 sq ft workshop, and Carnage Digital, an interactive leisure and entertainment software developer, with a 204 sq ft office.
TestTech Global, which provides hardware and software solutions, moved into a 258 sq ft office, as has advanced electronics communications firm Marlborough Communications.
Wearable technology specialist Guided Knowledge moved into the centre, signing up to 1,883 sq ft of office and workshop combined.
Other occupiers include tech start-up Maverick Aviation, which is developing next-generation lightweight jetpacks, and RAD Propulsion, which manufactures high-quality bespoke electric propulsion systems.
Another occupier, Psion Consulting, has been contracted by a corporate manufacturer to develop advanced software for smart eyewear linked to computers.
Stephen said: “The amount of tech research and development which comes on here at Fareham Innovation Centre is staggering – James Bond’s ‘Q’ wouldn’t be out of place here.”
Companies on site also benefit from complimentary business coaching.
One firm, IT and engineering recruitment consultancy Source Solutions, was put on a strategic growth path by the centre’s in-house Innovation Director, as was LR Animation Studios.
As well as offices and workshops, Fareham Innovation Centre has a conference centre and meeting rooms for hire.
Interested by how Fareham Innovation Centre can support your company’s growth plans? Speak to Stephen Brownlie, Centre Director, on 023 9387 0380 or email email@example.com
Source of business inspiration
When two recruitment consultants left their company to set up on their own in a £39 billion industry, it was a case of “eyes wide shut”.
Fast-forward four years, Source Solutions’ Tom James and Simon Horspool, both in their early 30s, have survived the perilous beginnings – 60% of start-ups reportedly go under within 36 months.
The firm, which provides recruitment solutions in IT and engineering, moved into Fareham Innovation Centre, which overlooks Solent Airport near Gosport, 18 months ago
Flight frontier for Maverick Jetpacks
Personal flight mobility once belonged to the realm of science fiction.
Now, thanks to innovation by a Hampshire-based company, lightweight jetpacks are set to play a life-saving role in rescue and disaster relief.
Tech start-up Maverick Aviation is developing hands-free devices, which use micro gas turbine engines to propel first responders through the air and reach inaccessible areas safely and quickly.
Other applications include engineering and maintenance, such as onshore and offshore wind farms, along with policing, security and defence, as well as adventure experiences.
Business support boost
Two companies at a thriving tech hub for start-ups and micro firms in the South have been given a new year business boost. Psion Consulting and LR Animation Studios share one of the 55 serviced offices at Fareham Innovation Centre in South Hampshire. As an occupancy benefit, they receive complimentary business support from the in-house Innovation Director, Monika Dabrowska