University Enterprise Zone

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 Enterprize 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]

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References

  1. Department for Business, Energy and Industrial Strategy (8 March 2019). "About University Enterprise Zones (UEZs)". Retrieved 2020-03-09.
  2. UK Government (13 December 2013). "£15 million boost for local business growth at universities" (Press release). Retrieved 2020-03-12.
  3. Andrew Witty (October 2013). Encouraging a British invention revolution: Sir Andrew Witty's review of universities and growth: final report and recommendations (Report).
  4. "University enterprise zones pilot: evaluation". 25 March 2015. p. 14. Retrieved 2020-03-11.
  5. Department for Business, Energy and Industrial Strategy (18 September 2017). "University Enterprise Zone applications". Retrieved 2020-03-11.
  6. George Osborne (3 July 2014). "Chancellor builds Northern Powerhouse with new funding for science and Atlantic Gateway in Liverpool". Retrieved 2020-03-09.
  7. technopolis-group (July 2018). "University Enterprise Zones pilot: interim evaluation report". Retrieved 2020-03-11.
  8. "UK SBS FWRECR17073BEIS University Enterprise Zones (uEz) pilot interim evaluation". 9 August 2017. Retrieved 2020-03-11.
  9. Research England (20 September 2019). "Higher education labs to boost local innovators and fuel growth". Retrieved 2020-03-08.
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