Press release issued: 3 December 2013
Brunel’s original train station, once Bristol’s gateway to the world, has opened its doors once again – as the city’s new enterprise hub to drive inward investment, create jobs and encourage a new generation of high growth businesses. The Engine Shed, a Grade I listed building built by the famous engineer in 1841, has had a £1.7 million transformation thanks to a partnership between Bristol City Council, the University of Bristol and the West of England Local Enterprise Partnership (LEP).
The Engine Shed, a Grade I listed building built by the famous engineer in 1841, has had a £1.7 million transformation thanks to a partnership between Bristol City Council, the University of Bristol and the West of England Local Enterprise Partnership (LEP).
Its prime location makes it one of the world’s most connected enterprise hubs, acting as a ‘shopfront’ for potential investors in the region. Experts predict it will generate 5,000 high-value jobs in the next 15 years in the high-tech, creative and low carbon sectors.
Greg Clark, the Minister for Cities, joined Bristol’s Mayor George Ferguson and Professor Sir Eric Thomas, the Vice-Chancellor of Bristol University, to officially launch the next exciting chapter in the building’s history last night [2 December].
The Minister predicted that the ‘magnificent facility will be a great part of this fantastic city’ and emphasised its importance to the region.
He added: “It’s apt to create such a hub in Brunel’s Engine Shed because Bristol’s been one of the engines of growth for the whole of the UK economy. The city’s gone from strength to strength, building on the talent that’s been attracted here so that it can power forward the whole of the national economy.”
The Mayor’s support for the project has seen it get off the ground with unprecedented speed, moving from initial approval from the Council in March to the completion of building work in November.
Mayor George Ferguson said: “The opening of Engine Shed in record time demonstrates the innovation, ambition and collaborative working that exists here in the city. Once home to Brunel’s innovative railway, Engine Shed is now in the heart of Bristol’s Enterprise Zone and is home to creative and high tech companies developing the technology of the future. It is also key node on the GigaBit Bristol broadband network connecting buildings in the city, and developing the potential for new collaborative and creative working.”
The building will be managed by Bristol SETsquared – the University of Bristol’s double award-winning business incubator - who will take a third of the space to provide premium serviced offices for its early-stage technology businesses.
Nick Sturge, Director of Engine Shed, says the move will allow SETsquared to support more businesses than ever before and in turn create new high-value jobs.
He said: “These are exciting times for the business community in Bristol. Thanks to Brunel, his Engine Shed once epitomised the cutting-edge of technology in the 19th Century, and now it will be a hub for new technology in the 21st Century.
“We believe that Engine Shed, both as a building and a concept, is the right vehicle to demonstrate that the West of England is the best place to start or grow a low-carbon, creative or high-tech business. Its uniqueness and strength lies in how many people and organisations are under one roof – academics, entrepreneurs, innovators, investors, policy makers and business leaders. We like to think of it as a ‘living marketing suite’ for inward investors.”
A total of 18 SETsquared companies are based at Engine Shed already with a further 44 businesses using the business centre’s resources and facilities including hot desks, breakout spaces and meeting rooms. In total, there will be space for 160 people.
Also based there will be the West of England Local Enterprise Partnership (LEP), the Invest in Bristol and Bath growth hub, the new WebStart Bristol internet incubator and DigiCity, operated by the University of Bath Innovation Centre.
Professor Sir Eric Thomas, Vice-Chancellor of the University of Bristol, said: "This is a very exciting development for the city and we’re proud that the University has worked so closely with the Council to turn the Engine Shed vision into a reality so quickly. Bristol is repeatedly recognised as having significantly high potential for economic growth and the intellectual capital provided by world-renowned research and the activities of some of the country's highest performing students go a long way to supporting this.”
Core to Engine Shed will be Brunel's boardroom suite of meeting rooms for hire, a membership only business lounge and co-working and collaboration spaces for academics, entrepreneurs, innovators, investors and business leaders.
A public lobby will provide an information point and innovation showcase to highlight the enterprise activities taking place across the West of England.
Engine Shed forms part of the Bristol Temple Quarter Enterprise Zone, which will span 173 acres of land around Bristol Temple Meads train station and includes plans for a long-awaited indoor arena, new public spaces and a vibrant business, commercial and shopping district. Temple Meads station will also be completely redeveloped as part of a plan to grow and modernise the railway in Bristol by the end of the decade.
It’s anticipated that the new Enterprise Zone will create 17,000 new jobs in total and bring 400 new companies to the city over the next two decades.
History of Engine Shed
Engine Shed forms part of the original Temple Meads train station, opened in 1841 as the Western terminus of the Great Western Railway, designed by Brunel. It’s thought to be one of the oldest surviving terminuses in the world, where passengers and trains inhabited the same space under the one roof. The building was fronted by offices which were home to Brunel’s Boardroom, drawing offices, the Bristol Offices of Great Western Railway and Station Master’s quarters.
The station has previously housed The Exploratory from 1989 to 1999 and then the Empire and Commonwealth Museum from 2002 to 2009. The Passenger Shed which took over after that still holds an exciting array of events. For more information, please visit the Engine Shed website.
The SETsquared Partnership is the enterprise collaboration of the Universities of Bath, Bristol, Exeter, Southampton and Surrey. Together, the universities employ 8,500 academic staff; earn £450m of the UK’s higher education research budget; and produce 11 per cent of all UK university patents.
The partnership has a 10 year track record of supporting companies through its innovation centres, which provide access to industry specialists, investors and experienced entrepreneurs.
The Bristol SETsquared Centre, now located within Engine Shed in the heart of Bristol's Temple Quarter Enterprise Zone, supports over 60 members who between them employ over 650 people and have raised over £80m in the last six years.
A full list of the businesses currently supported by the Bristol SETsquared Centre can be found on the SETsquared website.
University of Bristol,
Bristol, BS8 1TH, UK
Tel: +44 (0)117 928 9000