According to Advantage West Midlands, the £1 million Althorpe Innovation and Enterprise Centre (AIEC) in Leamington Spa will offer support to established businesses and start-up firms in the area.
It's an exciting development that will support new innovative business, provide new flexible workspace, attract inward investment and introduce new technologies
Kim Rowlands
Partnerships Manager
Advantage West Midlands
In addition, space for up to 40 enterprises will be provided by the new facility.
Kim Rowlands, Advantage West Midlands partnerships manager for Coventry and Warwickshire, commented: "It's an exciting development that will support new innovative business, provide new flexible workspace, attract inward investment and introduce new technologies.
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One of the focuses of the facility is to encourage firms to enter the information communication technology and creative sectors, moving the local economy away from traditional industries and towards more entrepreneurial enterprises.
Also, the centre will provide more than just business support, as it is part of the regeneration of a local brownfield area which has also seen new GP practice, pharmacy and Health Trust offices built.
Last month, Advantage West Midlands implemented an initiative to increase links between the region and India.
The India and West Midlands Business Action Plan will work to explore investment opportunities in the two economies.
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