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This publication is available at https://www.gov.uk/government/publications/university-enterprise-zones/university-enterprise-zones
About the pilot scheme
University Enterprise Zones (UEZs) are specific geographical areas where universities and business work together to increase local growth and innovation. Each UEZ will be supported by a partnership between a university, Local Enterprise Partnerships (LEPs) and others.
We are providing £15 million in capital funding between 2014 to 2017 to fund 4 pilot UEZs. For every £1 of government funding, the universities will raise £2 of match funding.
See the Chancellor George Osborne’s announcement about the 4 successful bids for pilot UEZs. These sites are:
- Bradford (Leeds City Region)
The pilots will be fully evaluated at the end of the scheme.
Aims of the zones
The zones aim to:
- encourage universities to strengthen their roles as strategic partners in local growth to engage with LEPs, building on existing capabilities and partnerships
- stimulate development of incubator or ‘grow-on’ space for small businesses in locations that encourage businesses to interact with universities and to innovate
UEZs will have access to business support packages and the specialist facilities and expert knowledge offered by universities. They will also work with UK Trade and Investment (UKTI) to promote inward investment.