IN a time of economic uncertainty, Hub Two is bucking trends. The £4.7m extension to the Innovation Centre on the Queens Meadow Business Park is pulling in companies at a time when the world is struggling to stay out of recession.
It’s a promising start to life for Hub Two which only opened in December last year, and is owned by UK Steel Enterprises (UKSE).
UKSE’s Managing Director Stuart Green, who opened Hub Two last month, said: “We are a pioneer in the provision of managed business premises.
“The aim was, and still is, to provide growing businesses with all the facilities and support they need without long leases or complicated terms, allowing them to concentrate on growing their core business.”
UKSE is a subsidiary of Tata Steel that backs new and growing businesses in steel areas with financial packages, premises and independent advice.
UKSE’s decision to develop the multi-million pound extension to their Innovation Centre on the Queens Meadow Business Park has brought its total investment in business premises in the Tees Valley to £12m.
Before Hub Two was opened, it ran two innovation centres – one at Redcar and one at Hartlepool which have had 90 per cent occupancy rates almost constantly since they opened in 2000 and 20005 respectively, with Redcar extended in 2003.
The gleaming Hub Two provides 46 offices, most of them with balconies, along with state-of-the-art telecom systems, reception area, free parking, 24 hour access, high security, meeting rooms, a gym and chill-out room. They cost as little as £45 per week with no hidden extras.
It means that UK Steel Enterprise now provides 37,000 sq ft of space in Hartlepool – 74 offices and 49 workshop units.
The impressive credentials just keep on coming.
Hub Two has environmentally-friendly features including around 100 solar panels, a system that saves rainwater, an intelligent lighting system that also protects occupants’ health, and an electric vehicle charger.
Mr Green paid tribute to the firms which had already moved in, and added: “Companies like these will play a vital part in the future success of towns like Hartlepool.
“I have been asked if 2011 was the best time to be making such a huge investment but UK Steel Enterprise and Tata Steel are committed to the town and had confidence that the demand was there. We’re delighted with the 60 per cent occupancy rate at this early stage.
“We appreciate the support from One NorthEast, Tees Valley Unlimited and Hartlepool Borough Council as this fantastic building would not be here without their backing.”