Study provides blueprint to boost Peterborough’s digital economy

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A feasibility study commissioned by economic development company, Opportunity Peterborough, has made the case for a digital incubator to help support small digital businesses and significantly grow the digital economy in the city

A business incubator provides specialist support such as coaching, networking, and access to investment, that can help start-ups and entrepreneurs build their businesses faster and better, increasing competitiveness and supporting greater job creation.

The study was funded through the Towns Fund launched by the Government’s Department for Levelling Up, Housing and Communities (DLUHC). Recommendations from the study have already been used to develop a bid to the Shared Prosperity Fund for £345,000 to launch the first phase of a digital incubator.

To assess whether a digital incubator was needed, the study analysed the local market demand, the suitability of local premises, and feedback from consultations with local digital businesses, educational institutions, and workspace providers.

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Plunkett UK Grants

Plunkett UK Grants

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.