Friday, July 30, 2021

iHub innovation centre passes 94% occupancy

Just months after celebrating its second anniversary, occupancy levels at the £12m iHub innovation centre on Infinity Park have passed the 94% mark.

Since it was launched in Autumn 2016, the 45,000 ft2 facility has attracted big names in the region’s automotive, rail and aerospace supply chain industries.

Tenants now include global aerospace giant Airbus; Altran, which offers engineering and R&D services; Composite Braiding, which specialises in thermoplastic composite braiding and VRCO, an advanced aviation company, which is hitting the headlines across the globe with the development of the world’s first British-made flying cars.

In February, the University of Sheffield Advanced Manufacturing Research Centres (AMRC), one of the world’s leading manufacturing research institutions, is to set up home at the iHub while a new multi-million pound 50,000 ft2 innovation facility is being developed on Infinity Park.

Speaking about the success of the iHub since its launch two years ago, Councillor Matthew Holmes, deputy leader of Derby City Council and cabinet member for planning, environment and regeneration, said: “The iHub is continuing to build on Derby’s reputation for developing and creating cutting-edge technologies, particularly in the aerospace, automotive and transport industries. It reinforces Derby’s reputation as the UK ‘capital for innovation.

“To achieve 94% occupancy in the current economic climate is a fantastic achievement and reflects the high-quality accommodation and range of support services that is available at the iHub.”

Alan Smith, head of economic growth at Derby City Council, added: “This demonstrates to the Council that there is strong demand for the quality of workspace and facilities and partnerships available at the iHub.

“Our original business plan forecast for this building has been validated.  We hope that the way this building has let will give confidence to others and that the iHub becomes the centre-piece to a successful Infinity Park for years to come.”

Ann Bhatti, head of Connect Derby, said: “We’re absolutely delighted with the positive reaction that the iHub has received since it joined the Connect Derby portfolio of buildings in 2017.

“Much of the credit for the iHub’s success must go to Alan Smith; he took a lead role in developing the funding bid for the building, project managed the design and build team and worked collaboratively with Connect Derby in developing and supporting the operational processes. His advice has been instrumental in supporting the on-going development of the iHub.”

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