£500,000 funding boost for Menta Business Centre in Haverhill
A planning application that would see £500,000 invested in support and business premises for enterprises in Haverhill is due to be submitted in the next few days.
The project is for an extension to the MENTA Business Centre at Hollands Road which currently provides 28 business units.
The St Edmundsbury Council owned property is leased to, and managed by MENTA, who work with established companies and start-up businesses and those considering self-employment.
The not for profit organisation provides impartial business advice, business skills training and events to ensure businesses thrive and prosper. MENTA’s business units are located both in Haverhill and in Bury St Edmunds.
Cllr John Griffiths, Leader of St Edmundsbury Borough Council said: “We applaud the success of local enterprise in Haverhill and I am delighted that this funding will give more small businesses opportunities to establish themselves.
“The proposed extension uses £502,000 of funding we negotiated with Asda to build a petrol filling station in Bury St Edmunds on land allocated for small employment units.
“We ring fenced the s106 contribution to provide similar opportunities in the borough.
“We are proud of the enterprise culture in West Suffolk and are pleased to be working with innovation-leading partners, such as award winning MENTA, to help sustain start-ups through the first tricky years.”
Cllr Susan Glossop Cabinet member for Planning and Growth said: “The site provides first premises and professional meeting facilities for businesses and acts as a feeder for other more established business premises in the area.
“The proposed extension will add approximately 142m2, enhance the building’s appearance and create more workspace.
“Once approved, the build will take about six months and we will be working very closely with MENTA and their tenants to understand and reduce the impact of the work on their businesses.”
Alex Till CEO of MENTA said: “We’re delighted St Edmundsbury Borough Council is investing in improving our premises in Haverhill.
“The refurbishment will provide a much-needed lift to Hollands Road with meeting and training space, a new coffee shop and further business units to be available.
“MENTA’s Haverhill Business Centre is at capacity and our present tenants are looking forward to up to date facilities and the opportunity for regular, on-site, networking opportunities.”
John Mayhew, chairman of ONE Haverhill Partnership, said: “I’ve been a fan of MENTA since starting Fiscale there in 2014.
“It gave us the opportunity to test-proof a business concept while limiting risk with easy-in-easy-out rental terms, business advice and grant information.
“This is a great way to develop new businesses by supporting them through their formative years.
“ONE Haverhill Partnership and Haverhill Chamber of Commerce both work closely with MENTA and we are delighted the facilities are being extended with help from St Edmundsbury Borough Council.”