One of Cornwall’s award-winning innovation centres celebrated its third anniversary this week with the news it has helped companies based there to grow by up to 33% in the last year – more than three times the national average – and create 43 new jobs.
Tremough Innovation Centre (TIC) is one of three business acceleration facilities operated by Plymouth University on behalf of Cornwall Council which help businesses expand and grow at a faster rate.
The centre, located next to the Penryn campus in Falmouth, marked its third anniversary with a party as new figures show client businesses grew by up to 33% during 2014, with some enjoying an increase in turnover of up to 72%. The UK average for annual growth is 10%.
TIC manager, Richard Snell, said: “Everyone working at Cornwall Innovation is passionately committed to helping our client businesses to fully achieve their growth potential and we’re delighted that once again, these exciting companies are expanding at a fantastic rate. In some cases of businesses who have been with us for a while, that is up to three times the national average.”
Tremough, along with its sister centres Pool Innovation Centre and the Health and Wellbeing Innovation Centre in Truro, are operated by Plymouth University with the support of GAIN, the Growth, Acceleration and Investment Network.