Just months after celebrating its second anniversary, occupancy levels at the £12million iHub innovation centre on Infinity Park have passed the 94% mark.
Since it was launched in autumn 2016, the 45,000 ft2 facility has gone from strength to strength, attracting some of the biggest names in the region’s automotive, rail and aerospace supply chain industries.
Occupancy levels at the iHub have exceeded expectations, with regional, national and global businesses taking advantage of the building’s strategic location on Infinity Park, the 100-acre manufacturing focused commercial and technology site.
Tenants include global aerospace giant Airbus; Altran, a world leader in engineering and R&D services; Composite Braiding, which specialises in thermoplastic composite braiding and VRCO, an advanced aviation company, which is hitting the headlines across the globe with the development of the world’s first British-made flying cars.
In February, the University of Sheffield Advanced Manufacturing Research Centres (AMRC), one of the world’s leading manufacturing research institutions, is to set up home at the iHub while a new multi-million pound 50,000 ft2 innovation facility is being developed on Infinity Park.
iHub, which has Enterprise Zone status, is the centre piece of Infinity Park, the new 100-acre manufacturing focused commercial and technology site, between Sinfin and Chellaston, to the south of the city.
It is strategically located close to the world headquarters of Rolls-Royce Civil Aerospace and within 15 minutes of OEMs including Bombardier, Toyota and JCB, with direct links to the A50 and just five minutes from the M1.
The iHub provides high quality, flexible workspace for start-ups, early stage businesses and high growth SME’s looking to expand their role within the transport engineering and hi-tech sectors.
As well as offering 18 traditional office workspaces (from 127 ft2 to 970 ft2), it also provides 14 ground floor workshops for businesses seeking a more hybrid working environment. The state-of-the art workshops range in size from 375 ft2 to 4,451 ft2 and cater for a broad range of uses in a managed workspace environment.
One of the unique facilities available at the iHub is the innovative ‘iLab’, which promotes invention by enabling the rapid prototyping of a range of products and services. It also boasts high end virtual reality, 3D printing and surface microscope equipment.
The iHub also offers a multi-purpose area, which is establishing itself as a popular venue for conferences and events, along with meeting and seminar rooms.
Alan Smith, Head of Economic Growth at Derby City Council, said:
“This demonstrates to the Council that there is strong demand for the quality of workspace and facilities and partnerships available at the iHub.
Our original business plan forecast for this building has been validated. We hope that the way this building has let will give confidence to others and that the iHub becomes the centre-piece to a successful Infinity Park for years to come.”
Councillor Matthew Holmes, Cabinet member for Regeneration and Public Protection added:
“The iHub is continuing to build on Derby’s reputation for developing and creating cutting-edge technologies, particularly in the aerospace, automotive and transport industries. It reinforces Derby’s reputation as the UK ‘capital for innovation.’
“To achieve 94% occupancy in the current economic climate is a fantastic achievement and reflects the high-quality accommodation and range of support services that is available at the iHub.”
Ann Bhatti, Head of Connect, added:
“We’re absolutely delighted with the positive reaction that the iHub has received since it joined the Connect Derby portfolio of buildings in 2017.
“Tenants are choosing the iHub because of its strategic location in the region, the hi-specification office and workshop accommodation and state-of-the-art equipment on offer. We look forward to announcing more new tenants in the coming weeks.”
The iHub builds on the success of the hugely popular Connect Derby scheme, which has created a strong market for mixed use and sector specific serviced offices across the city at its six other buildings – Friar Gate Studios, arble Hall, Riverside Chambers, Sadler Bridge Studios, Kings Chambers and Shot Tower.
The iHub has received funding from the Regional Growth Fund and European Regional Development Fund (ERDF), as well as Derby City Council and the University of Derby.
For further information about taking space at the iHub, contact Ros Stacey on 01332 01332 742800 or email firstname.lastname@example.org