£5 million boost to help SMEs grow
Small and medium-sized businesses in the south of England are to get a helping hand from the University to innovate and grow, following a £5 million government grant.
The SETsquared Partnership, which includes Surrey and the Universities of Bath, Bristol, Exeter and Southampton, will be working on new projects with small businesses to commercialise research and help deliver the Government’s Industrial Strategy. This sets out a long-term plan to boost the productivity and earning power of people throughout the UK.
The partnership will deliver a highly responsive service for businesses that will help them scale up, offer a one-stop-shop for expert opinion, and provide access to stimulus funding.
Caroline Fleming, Head of Incubation at the University of Surrey, said: “We have a growing network of small and medium-sized businesses thanks to our work with SETSquared, our 5G SME membership, and through the engagement activities of the Vhive innovation centre and Surrey Business School.
“This new project is an opportunity to build on these relationships and work closer with businesses which have significant potential for transforming research excellence into positive economic impact within our area and beyond.”