HERTFORDSHIRE LAUNCHES GREEN BUSINESS HUB
Rothamsted's involvement in newest Enterprise Zone will boost UK agri-tech.
In a move to become the UK’s leading centre for green business, Hertfordshire IQ will encourage agri-tech, environmental technology, and modern construction companies to take advantage of its market access and location close to London.
Businesses will be able to commercialise research or boost product development working with Rothamsted, as well as Hertfordshire IQ’s other two founding partners: UK built environment leaders BRE Group, and the University of Hertfordshire.
Rothamsted Research is already home to a growing number of companies that are driving the innovation in agri-tech, and this initative will take further advantage of that expertise.
Based in Hemel Hempstead, with 3 million sq.ft of development planned over the next 10 years, Hertfordshire IQ will provide sustainable, flexible workspaces, tax breaks and collaboration opportunities with industry experts to create a UK hub of green companies.
Jake Berry, Minister for the Northern Powerhouse and Local Growth said: “Hertfordshire IQ aims to become the leading place in the UK for businesses operating in modern construction, agri-tech and related digital and environmental technologies and the £680,000 investment from the Local Growth Fund has opened the door for up to 800 new businesses."
Enabled by its Enterprise Zone status, Hertfordshire IQ will also boost investment in local travel, transport and digital connectivity for the area and the new commercial zone will offer businesses a flexible mix of work spaces from offices, co-working space, research and development labs to light industrial and warehousing.
Along with tax breaks and opportunities to collaborate with industry leaders, businesses will also benefit from guidance on how access funding through Hertfordshire Growth Hub.
Hertfordshire IQ also aims to create 8,000 jobs for local people, providing opportunities for residents to enjoy the benefits of both living and working in the local area, with new business parks built using sustainable materials and methods.
A dedicated network of footpaths and cycle routes will also help residents ditch the car for a greener, healthier journey to work.
About Rothamsted Research
Rothamsted Research is the longest-running agricultural research institute in the world. We work from gene to field with a proud history of ground-breaking discoveries, from crop treatment to crop protection, from statistical interpretation to soils management. Our founders, in 1843, were the pioneers of modern agriculture, and we are known for our imaginative science and our collaborative influence on fresh thinking and farming practices.
Through independent science and innovation, we make significant contributions to improving agri-food systems in the UK and internationally. In terms of the institute’s economic contribution, the cumulative impact of our work in the UK was calculated to exceed £3000 million a year in 20151. Our strength lies in our systems approach, which combines science and strategic research, interdisciplinary teams and partnerships.
Rothamsted is also home to three unique resources. These National Capabilities are open to researchers from all over the world: The Long-Term Experiments, Rothamsted Insect Survey and the North Wyke Farm Platform.
We are strategically funded by the Biotechnology and Biological Sciences Research Council (BBSRC), with additional support from other national and international funding streams, and from industry. We are also supported by the Lawes Agricultural Trust (LAT).
For more information, visit https://www.rothamsted.ac.uk/; Twitter @Rothamsted
1Rothamsted Research and the Value of Excellence: A synthesis of the available evidence, by Séan Rickard (Oct 2015)
The Biotechnology and Biological Sciences Research Council is part of UK Research and Innovation, a non-departmental public body funded by a grant-in-aid from the UK government.
BBSRC invests in world-class bioscience research and training on behalf of the UK public. Our aim is to further scientific knowledge, to promote economic growth, wealth and job creation and to improve quality of life in the UK and beyond.
Funded by government, BBSRC invested £469 million in world-class bioscience in 2016-17. We support research and training in universities and strategically funded institutes. BBSRC research and the people we fund are helping society to meet major challenges, including food security, green energy and healthier, longer lives. Our investments underpin important UK economic sectors, such as farming, food, industrial biotechnology and pharmaceuticals.
More information about BBSRC, our science and our impact.
More information about BBSRC strategically funded institutes
The Lawes Agricultural Trust, established in 1889 by Sir John Bennet Lawes, supports Rothamsted Research’s national and international agricultural science through the provision of land, facilities and funding. LAT, a charitable trust, owns the estates at Harpenden and Broom's Barn, including many of the buildings used by Rothamsted Research. LAT provides an annual research grant to the Director, accommodation for nearly 200 people, and support for fellowships for young scientists from developing countries. LAT also makes capital grants to help modernise facilities at Rothamsted, or invests in new buildings.