£1m extension for Marlowe Innovation Centre
A £350,000 cash injection could bring up to 75 jobs to east
Planning minister Nick Boles was in Ramsgate today to announce
the grant from the Coastal Communities Fund for the Marlowe
The investment will enable the centre to build a £1 million
extension that will double its accommodation and support services
to small businesses and start-ups.
The expansion could lead to the creation of another 75 jobs. It
currently offers 25 workspaces - a mix of offices and light
industrial premises - with 75 people and 25 organisations based
Profits from the centre are ploughed into an endowment fund that
helps the neighbouring Marlowe Academy to motivate and mentor young
people and expand their career horizons.
The extension is due to be completed by June 2014.
Roger De Haan, the former Saga Group owner whose family’s
charitable trust has been a key supporter of the centre, welcomed
He pledged that the trust would pay for the balance of the
construction costs of £1m to ensure the project went ahead.
“This is good news for jobs and businesses in Thanet,” he said.
“Perhaps equally as important, any profits made from renting space
at the centre go towards the endowment fund at the Marlowe
"This fund enables the school to provide intensive coaching in
small groups to students who need it, and helps provide bursaries
to students who succeed in going on to university.”
The centre is run by a limited company the Friends of the
Folkestone and Marlowe Academies (Trading).
All tenants allocate time each month to working with the
students of the Marlowe Academy, and more than 150 have benefited
since the centre opened.
They are helped with CV preparation, interview practice, careers
advice, mentoring and special projects.
Students are exposed to enterprises specialising in branding,
app creation, printing, physiotherapy, dentistry, finance and