Secure Innovation have been awarded a grant of £600,000 from Cornwall Council’s Good Growth Programme, which is funded by the UK Government through its Shared Prosperity Fund to improve facilities and promote global growth. The investment is towards an £800,000 project that will enable us to create additional skilled and semi-skilled employment and training opportunities, as well as providing further economic benefits throughout the county through partnerships with other local businesses. The project will also improve our staff welfare facilities, efficiency of operations and environmental impact (as we strive towards net zero emissions).
A Visit from Cornwall Council
We were delighted to meet and introduce Councillor Louis Gardner (Cornwall Council portfolio holder for economy) to Secure Innovation last week. We discussed how the valuable funding would help us reach our goals of global growth over the next few years and how important our Remote Planet project, supported by the ESA is for the growth of both our business and the Cornwall Space and Technology Sector. This has created an opportunity for us to diversify into new markets and generate more skilled engineering jobs and other roles in Cornwall. The new investment will allow us to expand our operations to meet growing global demand for our products and reinvest in the local economy and community.
Net Zero Targets
The funding will also help us achieve net-zero emissions by facilitating the installation of solar energy sources and electric vehicle charging facilities for both staff and visitors. Through the power of green energy, we will significantly enhance our production capacity. This will be achieved through the introduction of an automated stores system and other operational initiatives.
Employee Health & Wellbeing
To further enhance the well-being of our dedicated and valued team, we will also be upgrading our staff welfare facilities including the canteen and social space. The upgrade will also incorporate shower facilities for employees who wish to take advantage of the company’s health and well-being initiatives, including the popular cycle-to-work scheme.
“Secure Innovation has a history of market-leading product design right here in Cornwall, which has made them the best at what they do. Shared Prosperity Fund support via our Good Growth Programme will help catalyse the firm’s growth in global markets, creating skilled, well-paid jobs while helping the business to reduce its carbon footprint and enhance the wellbeing of its employees. That’s what our Good Growth ambitions are all about.”
Cllr Louis Gardner | Cornwall Council portfolio holder for economy
UK Shared Prosperity Fund
The UK Shared Prosperity Fund is a central pillar of the UK Government’s Levelling Up agenda and provides £2.6 billion of funding for local investment by March 2025. The Fund aims to improve pride in place and increase life chances across the UK by investing in communities and place, supporting local business, and people and skills. For more information, visit UK Shared Prosperity Fund: prospectus – GOV.UK (www.gov.uk)
Cornwall and Isles of Scilly Good Growth programme
Cornwall and Isles of Scilly have been allocated £132million for local investment through the UK Shared Prosperity Fund. With a focus on green and inclusive growth, we’ll use our portion to achieve Good Growth for Cornwall and the Isles of Scilly, providing opportunities for communities and businesses and giving residents access to new jobs and training. For more information, visit https://ciosgoodgrowth.com
Good Growth for Secure Innovation
Read more about Good Growth for Secure Innovation in these articles:
Business Cornwall: £600k boost for Cornish tech company | Business Cornwall
Business Live: Cornwall technology company looks towards global growth with £600,000 investment – Business Live (business-live.co.uk)
MSN (news aggregator, same copy as above): Cornwall technology company looks towards global growth with £600,000 investment (msn.com)
The Business Desk: Technology company eyes global growth with £600,000 investment – South West (thebusinessdesk.com)
Cornwall Council website: Cornish innovation technology company eyes global growth with £600k investment – Cornwall Council
BBC online: Cornish tech company eyes global growth with £600k investment – BBC News
