The next phase of Farm491 is taking shape as work has begun on a new Growth Hub and Farm491 building at the Royal Agricultural University. The new building will facilitate business development for start-up companies across Gloucestershire. Part-funded by the GFirst Local Enterprise Partnership (LEP), with a £1.25m grant, the building will be a physical resource centre to drive technological innovation, enterprise and economic growth for the local rural business community.
The Growth Hub will occupy two thirds of the bottom floor and will support any business looking to accelerate their growth and exploit their full potential. Farm491 will comprise a mixture of co-working spaces and dedicated offices on the first floor and remaining downstairs space, and will solely focus on supporting agritech start-ups.
Ali Hadavizadeh, Programme Manager at Farm491, said; “These new dynamic working environments will create valuable networking opportunities and enable links between start-up companies, their more established counterparts, and the University. Work on the building is well underway and is due for completion in late May 2018. Please keep in touch as we update on ongoing developments. We’re extremely excited to watch this new building take shape – it will provide so many businesses a valuable base and support network to innovate and grow.”