Duke formally opens Pool Innovation Centre

HRH the Duke of Kent was in Cornwall to formally open the £12 million Pool Innovation Centre yesterday. The business centre is central to the economic regeneration of the Camborne, Pool and Redruth (CPR) area. It will be used by cutting-edge start-up businesses, as well as growing companies. First Venture Associates Ltd. was contracted by the University of Plymouth to manage the 'roll out' of the project.

Already, a number of tenant firms are occupying office space at the centre, which was constructed to meet the highest environmental sustainability standards. Managed by the University of Plymouth, on behalf of Cornwall Council, it has 49 offices of varying sizes, seven shared meeting rooms and a conference facility. The Duke unveiled a ceremonial plaque in front of representatives of the local business community. The centre was backed by £9m of ERDF Convergence investment and about £3m from the South West RDA.

Carolyn Rule, Cornwall Council cabinet member for the economy and regeneration, said: "We hope this will act as the catalyst for the regeneration of the Camborne, Pool and Redruth area."Professor Julian Beer, University of Plymouth director of research and enterprise and Pro-Vice-Chancellor, said: "The Pool Innovation Centre will establish the base – now we need to focus on the people and ensure we develop their skills and help their businesses to grow and prosper."