Manchester Metropolitan University - Innospace
Contact Details: |
Richard Deighton, Director of Innospace |
Type of Project: |
Manchester Metropolitan University (MMU) Business School has established a facility to assist both graduates and non graduates in developing their business ideas to help create sustainable new businesses in the heart of Manchester. It is managed by the Innospace management team. The 900 square metres of space has been completely renovated within MMU's listed Minshull Building on Chorlton Street in Central Manchester. Previously the building, which is a grade-2 listed 1840s wharfside granary, was home to the University Library. Opened in September 2007, the Incubator provides a range of resources for nascent entrepreneurs. |
Start/End Date: |
Opened in September 2007. |
Funding Sources
Funding at the beginning of the project included £100K from the European Regional Development Fund with additional support from MMU. The aim is to be self-funded by using rent to cover costs.
Innospace costs £495 including VAT for the first year and £995 for the second and third year.
MMU undergraduates are charged a discounted rate of £175.
Facilities can also be rented by staff on an individual basis: Fob Access (per staff member) = £50 fee + £10 deposit; Staff IT connectivity - £6 pcm (1 staff member connects for free).
Rent a desk = £90 +VAT per month.
Cupboard Hire = £150 per annum, Locker = Free, Filing Cabinet Hire = £75 per annum.
Phone Line = £60 per annum (plus call costs).
Large Space hire = £100 per half day event.
Colour printing/photocopying = 5p per sheet. Black and White printing = free.
Meeting rooms = free.
Access to wi-fi = free for tenants, £6 for staff.
Faxing (sending/receiving) = free.
Locker (if available) = free.
Note: costs taken at October 2010.
After the second year, Innospace provides follow-on office space for businesses to grow into.
