A Haverhill business hub has won £2million funding with the pledge of 300 jobs for the town.
The investment from the first of the Government’s Growth Deals will go directly towards the creation of the £5.4million Innovation Centre at Haverhill Research Park which has recently been granted planning consent.
Known as the Epicentre, the 30,000 sq ft hub will be the landmark building next to a lake in the centre of the park.
It is expected to open by September next year and could create up to 300 jobs, with 2,000 expected across the whole research park.
Park developer Nic Rumsey of Carisbrooke Investments, said: “We only got detailed planning a week ago and we are deligted to have agreed a joint venture with St Edmundsbury/West Suffolk which together with the Government/LEP funding will see the Epicentre brought to fruition in superfast time.
“We see the Epicentre of the landmark hub of the research park providing facilities for start up and growing businesses.”
The hub will include high specification offices, conference and meeting rooms, training facilities and a coffee shop.
There will be a work hub for shared working, allowing people to hot desk and rent a desk for an hour, day, week or month, with 52 office suites.
The Government granted the joint £2M bid by the New Anglia and the Greater Cambridge Greater Peterborough Local Enterprise Partnerships towards the £5.4M cost of the centre.
It hopes to attract pioneering businesses and expand the impact of Cambridge as a global innovation capital to Haverhill.
West Suffolk MP Matthew Hancock said: “This is fantastic news for the wider economy.
“The Haverhill Innovation will be a great boost for the town, supporting high tech jobs and the growth and expansion of local business.”