Business Rent Cut To Help New Enterprises 'Evolve'

Kedleston Road campus 504x257 Business Rent Cut To Help New Enterprises 'Evolve'

Date posted: 2 November 2011

The University will re-launch its 89 Derby business incubation units under the brand name 'Evolve' this Friday 4 November - with graduate and student entrepreneurs offered three months rent free, saving them up to £1,500.

The University is one of Derby's largest providers of business incubation sites; offering quality spaces for new enterprises at subsidised rents, with additional free advice and support also available at most centres.

They will be re-launched under the 'Evolve' brand at an event at the University's Enterprise Centre in Bridge Street, Derby, at 11am on Friday 4 November.

John Forkin, Managing Director of Marketing Derby, will open the event; to be attended by University Vice-Chancellor, Professor John Coyne, and the Mayor of Derby, Councillor Les Allen.

To mark the re-launch the University is offering its own student and graduate entrepreneurs three months off their first year's rent at its business incubation units, in the four Derby sites of:

  • The Innovation Zone at the Enterprise Centre, in Bridge Street
  • Banks Mill Studios in Bridge Street.
  • Network House in Nuns Street
  • The iD Centre in London Road.

The offer means students and recent graduates who take on a unit or a studio under the new scheme, and are eligible for three months' free rent, could save anywhere from £200 to £1,500; depending on the size and location of the space.

There are a range of options concerning how the discount can be applied, depending on what is best for the individual business.

Louise Jones, Incubation Manager for the University of Derby, said: "We know that business incubation works, our results and feedback confirm this. This year 'Evolve' is all about increasing the value of what we offer to students and making their transition into business as smooth as possible.

"In the current climate, especially in Derby, anything we can do to support employment and the local economy is important. It's something we want to encourage in anyway we can."

The new offer is backed by one of the University's current entrepreneurs, graphic designer and illustrator Debra Yates, who runs creative company Vivid Violet Design at a space at the Banks Mill Studios.

An accomplished artist who works with acrylic paints, pencil and pen; Debra has a unique approach to design which enables her to produce striking work for a range of clients. She recently completed a Masters degree in Visual Communication and Illustration at the University.

Debra said: "The concept of incubation units to help businesses find their feet and develop in the marketplace has worked for me, as my company is starting to get established.

"I benefit from the location, the surroundings, the expertise and the sense of community with the other entrepreneurs working at Banks' Mill."

For more information about 'Evolve' contact Business Incubation Manager Louise Jones on 01332 258834 or 07767 352915, or email:

For media information contact Press and PR Officer Sean Kirby on 01332 591891 or 07876 476103, or email:

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