The Secretary of State for Business, Vince Cable, praised the work of one of Cornwall’s “impressive” innovation centres during a visit to the Duchy yesterday (September 4).
Dr Cable met with some of the growing companies based at the Health and Wellbeing Innovation Centre (HWIC) in Truro when he visited the business acceleration centre, and chatted to owners about the needs of small businesses in Cornwall.
The HWIC facility is one of three Cornwall innovation centres operated by Plymouth University on behalf of Cornwall Council.
The centre’s first annual survey in January 2014 showed that HWIC has supported the creation of 33 new jobs, and helped companies to achieve annual growth rates of up to 46% – more than four times the national average – boosting their turnover by almost half a million pounds.
Dr Cable said: “This is a really impressive facility. Centres like this are certainly part of the solution to address the issue of people moving away from Cornwall for work, and we need to see more centres like this.
“There is some really good work going on here supporting these growing companies, and I enjoyed the chance to hear more about it.”