Business Durham delivers environment for business and economic growth
Any company which is developing new products, services or business models to meet customer needs is an innovator and Business Durham’s approach to innovation helps companies do just that, to launch successful new products into the marketplace.
Business Durham is the economic development organisation for County Durham, working on behalf of Durham County Council to deliver the environment for business and economic growth.
Innovation is central to what we do - innovative companies tend to survive longer and grow quicker. We recognise this and support innovative businesses by bringing together those who demand new ideas and new solutions with those who can provide them.
We are immensely proud to manage and develop a pioneering science and technology park located here in County Durham, the North East Technology Park (NETPark) in Sedgefield, with over 400 people working in dozens of science and technology companies, including global leaders, such as Kromek and PolyPhotonix.
NETPark is an exceptional environment, dynamic and supportive, accelerating the growth of ambitious, innovative, high tech companies into global markets. It is a flexible business location, offering hi tech companies a range of options from virtual office, incubation and growth space, land development opportunities, offices, laboratories and clean room facilities, with a talented workforce and a readymade manufacturing supply chain on the doorstep.
It is also home to four national technology centres, all managed by CPI: Printable Electronics, Graphene Applications, Formulations, and Healthcare Photonics, which contain a wealth of equipment and expertise to help companies prototype and scale up products without the need for large capital investment.
These centres take the risk out of the product development process by working with companies of all sizes to help them develop new concepts to market. And we are the only science park in the UK to have two Catapult centres: High Value Manufacturing (thanks to CPI) and Satellite Applications, which we manage directly.
We continue to invest in NETPark including the recently complete 1km road, giving access to a further 26 acres of development land and the new £7.4m ‘Explorer’ development which provides additional space for research and development companies who need room to prototype and scale up to manufacture on site. These developments have benefited from North East Local Enterprise Partnership’s Local Growth Fund.
But NETPark is just the tip of the innovation support network in Durham. Our award winning offices at Salvus House in Aykley Heads offers dedicated incubation space and support in Durham city. And we support companies wherever they are in County Durham.
Innovation needs global customers, suppliers and partners. We can help companies find them, pointing them in the direction of profitable contracts and new customer opportunities. We help companies go after tangible opportunities to win new contracts or investment, which could be a supply chain opportunity, a bluechip seeking a solution, or an Innovate UK call.
We connect innovators with the right experts to get their products to market faster with research expertise and specialist equipment from five universities – Durham, Newcastle, Northumbria, Sunderland and Teesside. Our in-depth knowledge of local supply chain capabilities in design, engineering, manufacturing and IT means that we “know a person who can” when it comes to bringing together the various components of an innovative product or service.
Companies looking to grow in County Durham can also benefit from Finance Durham - managed by Maven Capital Partners. The fund aims to support the growth of high potential businesses located in, or looking to relocate to the county by providing flexible funding packages tailored to companies’ growth requirements.
So if you’re a science and technology company looking for a place which will accelerate your growth, come and talk to us.
Business Durham is supported by Durham County Council
Published: 24 January 2018