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£4m Bucks LEP boost for creative sector

Friday April 12th, 2019

Speaking at the Creative LEP Local Industries Partnership in Birmingham, Andrew M Smith, Chair of Buckinghamshire Thames Valley Local Enterprise Partnership (BTVLEP) announced £4 million in funding to support three new initiatives. The three projects will strengthen and build Buckinghamshire’s creative sector, a key growth driver of the local economy.Government Opportunities

The projects that will receive funding are:

  • ‘National Centre for Immersive Storytelling’ (£288,073) at the National Film and Television School; Britain’s first ever national hub for training, experimentation and production in immersive technologies like Virtual Reality, Augmented Reality and Mixed Reality.
  • ‘School of Computing and Centre for AI’ (£2,000,000) at the University of Buckingham; establishing new centres for training and applied research within the School of Computing, and;
  • ‘Bucks Creates @ Pinewood’ (1,645,000) through Bucks New University and Creative Media Skills; which will bring a full suite of 21 new masters and bachelors degree programmes to the area, as well as a new professional higher education work-learning centre.

As part of the Cambridge-Milton Keynes-Oxford Growth Corridor, Buckinghamshire Thames Valley Local Enterprise Partnership was selected as one of the trailblazing areas to deliver the National Industrial Strategy. To help deliver this strategy, BTVLEP sought proposals for business and skills capital projects that support the development of innovation and research in Buckinghamshire, aligned to the five foundations and four grand challenges of the National Industrial Strategy.

The submissions were independently assessed and selected based on strategic fit, economic impact, type of funding required and value for money, deliverability and sustainability.

BTVLEP is a business-led Local Enterprise Partnership which promotes economic growth and prosperity across Buckinghamshire. Buckinghamshire is a significant wealth generator for the UK economy, and the commitment of over £73m in Local Growth Funds is unleashing ambition and creativity in the county. This funding is enabling the delivery of new road and rail infrastructure, better skills and business opportunities and enhanced digital connectivity to support sustainable economic growth in the county which sits at the heart of the Oxford-Cambridge Arc.

Digital and Creative Industries Minister, Margot James, said:

“Buckinghamshire is a hotbed for the creative industries and it’s fantastic to see even more investment being made in the area to grow and nurture new talent. Through our modern Industrial Strategy we are making sure that the UK is a world leader for the creative sector and an industry that will continue to go from strength to strength.”

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