£470k investment for state of the art business and culture hubs in Soham

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The Board of the Combined Authority has agreed to invest nearly half a million pounds for two innovative projects in Soham to help serve the community and attract visitors 

The successful applications, made by East Cambridgeshire District Council under the Combined Authority’s Market Towns Programme, and sees a total sum of £470,000 invested into the town. 

The first project nets £145k to boost activities at Soham’s Eastern Agritech Innovation Hub – already home to five start-ups and supporting another seven businesses – with new conferencing facilities to help showcase innovation and attract business visitors and new firms. 

The second proposal receives £325k to further expand Spencer Mill, already a vibrant  theatre, to help attract more weekend and evening visitors to Soham. Spencer Mill is next to the town’s new railway station, itself funded by the Combined Authority, and opened last month by Mayor Dr Nik Johnson,  and the fresh funding will develop business, training, and re-training facilities in what is a strategically placed community hub.   

The two Soham proposals came in the seventh funding call for the Cambridgeshire and Peterborough Combined Authority Market Towns Programme.  Combined Authority funding of £13.1m has been allocated across the market towns, with district councils able to bid for capital funds for each town.  

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With funding from the Cambridgeshire and Peterborough Combined Authority, Plunkett is currently able to offer early-stage community businesses free advice and support on how to get their business off the ground, including guidance on community engagement, legal structures, business planning and raising the funds to do it.