University_Enterprise_Zone

University Enterprise Zone

University Enterprise Zone

Designated research and incubator areas in the UK


University Enterprise Zones are specific geographical areas in the United Kingdom where universities engage with Local Enterprise Partnerships to provide business incubator spaces and stimulate economic growth by the application of university backed innovation.[1]

Pilot program

The ten year pilot program for University Enterprise zones was announced by David Cameron in December 2013[2] "in response to findings in the Witty Review[3] that universities could play a bigger role in enhancing economic growth".[4]

Of the nine applicants,[5] four were funded:[6]

An interim evaluation of the policy was made in 2017[7] at a cost of £45k.[8] The final evaluation is due in 2023.

Second round

In September 2019 UK Government funding was announced for 20 further UEZs:[9]


References

  1. "About University Enterprise Zones (UEZs)". Department for Business, Energy and Industrial Strategy. 8 March 2019. Retrieved 9 March 2020.
  2. UK Government (13 December 2013). "£15 million boost for local business growth at universities" (Press release). Retrieved 12 March 2020.
  3. "University enterprise zones pilot: evaluation". 25 March 2015. p. 14. Retrieved 11 March 2020.
  4. Department for Business, Energy and Industrial Strategy (18 September 2017). "University Enterprise Zone applications". Retrieved 11 March 2020. {{cite web}}: |author= has generic name (help)
  5. technopolis-group (July 2018). "University Enterprise Zones pilot: interim evaluation report". Retrieved 11 March 2020.

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