New partnership launched to support economic growth and collaboration
28 December 2024
A new partnership has been launched between the UK government and a consortium of businesses and universities to support economic growth and collaboration. The partnership, called the “Growth and Collaboration Hub”, will bring together businesses, universities, and government agencies to work on joint projects that will create jobs, boost productivity, and drive innovation.
The Hub will be based in the UK’s Midlands region, which is home to a number of major businesses and universities. The Hub will provide businesses with access to the latest research and expertise from universities, and it will also help businesses to collaborate with each other to develop new products and services.
The government has committed £100 million to the Hub over the next five years. The money will be used to fund a range of projects, including:
- A new research center that will focus on the development of new technologies for the manufacturing sector.
- A new business incubator that will help start-up businesses to develop and grow.
- A new skills training program that will help businesses to develop the skills they need to compete in the global economy.
The launch of the Growth and Collaboration Hub is a significant step forward in the government’s plans to boost economic growth and productivity. The Hub will bring together businesses, universities, and government agencies to work on joint projects that will create jobs, boost productivity, and drive innovation.
Quotes:
- Prime Minister Rishi Sunak: “The Growth and Collaboration Hub is a major step forward in our plans to boost economic growth and productivity. The Hub will bring together businesses, universities, and government agencies to work on joint projects that will create jobs, boost productivity, and drive innovation.”
- Business Secretary Grant Shapps: “The Growth and Collaboration Hub will provide businesses with access to the latest research and expertise from universities, and it will also help businesses to collaborate with each other to develop new products and services.”
- University of Birmingham Vice-Chancellor Professor Adam Tickell: “The Growth and Collaboration Hub is a fantastic opportunity for businesses and universities to work together to create new products and services, and to drive economic growth.”
Additional information:
- The Growth and Collaboration Hub will be located in Birmingham, the UK’s second-largest city.
- The Hub will be led by a board of directors that will include representatives from businesses, universities, and government agencies.
- The Hub will be staffed by a team of experts who will provide businesses with access to the latest research and expertise, and who will also help businesses to collaborate with each other.
New partnership launched to support economic growth and collaboration
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