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Home > Business > Economic Development > Business news and events

Business news and events

Government announces new Future Fund

UK-based companies can now apply for a convertible loan of between £125,000 and £5 million, to support continued growth and innovation in sectors as diverse as technology, life sciences and the creative industries.

Read how the fund works and eligibility on the Future Fund Scheme Overview.


2020 Innovation Awards Postponed

This year, our ambition was to launch an awards scheme to celebrate the innovation that we see in businesses in Babergh and Mid Suffolk. However, due to the impact that coronavirus is having on our business community, we have decided to postpone these awards. We hope to launch at a later date and celebrate the incredible innovation that is taking place in our districts.


Commercial Work Space Study Findings 

Babergh & Mid Suffolk jointly commissioned a study into commercial work space in their districts.  It looked at the current supply of both freehold and leasehold premises (of all sizes) across both districts and nearby and analysed past demand through the completion of both leases and sales of property over the last 5 years.  The Study also assessed future demand through demographic changes to sectors and business requirements, questioned local businesses on their future requirements and asked regional commercial agents for their opinion and then identified gaps in the market.

The Study, completed in October 2019, found that there is increasing demand and a short-fall for business start-up space (up to 1,500 sq ft) and for business grow-on space (1,500-4,000 sq ft), especially in some locations.  The Councils are now considering the conclusions of the study to see how they can help support improvements to the provision of floor space that will encourage further growth in the local economy.


Suffolk Skills Show

 The next Suffolk Skills Show takes place at Trinity Park on 14th October 2020.

Last year's event showcased a wide range of employers and education providers, offering a unique opportunity for young people to ask questions, take part in hands-on activities and get advice on careers, apprenticeships and real job opportunities.

MENTA are hosting free training workshops for start-up businesses in July 2019. Topics include; business planning, marketing and book-keeping. The workshops are being held in Sudbury, Ipswich and Bury St Edmunds.


Other News

Register for Sizewell C Supply Chain Opportunities

As part of the proposal to build Sizewell C Nuclear Power Station, EDF Energy has partnered with Suffolk and Norfolk Chambers of Commerce to identify and support local businesses who want to become part of the supply chain.

Interested parties can register via the Supply Chain Portal web page which forms the central resource for all Suffolk and Norfolk businesses who wish to make the most of the opportunities arising out of this development.

See also the Essential Guide for the Nuclear New Build Supply Chain

Better Broadband for Suffolk

The Better Broadband for Suffolk website is a pioneering project that seeks to bring better broadband to all of Suffolk, and ensure that the benefits are maximised by businesses, households and service delivery organisations.

Suffolk Chamber of Commerce in Central Suffolk

Babergh & Mid Suffolk are delighted to invest in the development of a new Suffolk Chamber of Commerce in Central Suffolk, giving our districts' businesses access to a wealth of support, networking and lobbying opportunities. The Central Suffolk chamber was launched in Autumn 2019 and is chaired by Dr Peter Funnell.  Details of their board members and manifesto can be found here.