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Stowmarket company Innovation Labs opens new centre in Melton near Woodbridge



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A brand new innovation and business hub has opened near a Suffolk town.

Innovation Labs has revealed a new 'co-working' space at the Riduna business park in Melton, near Woodbridge.

The hub is part of the company's plan to open three more Labs in Suffolk, after they opened their first in Prentice Road, Stowmarket, in 2019.

Peter Basford, director and co-founder of Innovation Labs. Picture: Innovation Labs
Peter Basford, director and co-founder of Innovation Labs. Picture: Innovation Labs

Innovation Labs Woodbridge will have an initial capacity for 35 people, and will offer support that focuses on innovation, digital transformation, entrepreneurship and business growth.

Businesses will have access to cutting edge technologies, mentoring, support services and funding advice.

The launch of the new Lab also marks the start of an ambitious pop-up outreach programme across East Suffolk over the next 18 months.

Peter Basford, director and co-founder of the company, said: "Innovation Labs is a pioneering, co- working space and innovation hub concept; we will be offering a completely unique blend of world-leading support, advice and facilities, with a proven track record of nurturing regional innovation and business growth.

"Woodbridge is a beautiful and thriving Suffolk town with a vibrant business community. Our aim is for Innovation Labs to build on this by supporting entrepreneurship, business growth, innovation and the development of advanced skills."

Cllr Craig Rivett, East Suffolk Council’s Deputy Leader and cabinet member for Economic Development, said: ‘I'm delighted to welcome Innovation Labs to East Suffolk.

"I hope the new centre can help incubate and accelerate innovation, entrepreneurship and business growth in our district. It will give small local businesses, entrepreneurs and start-ups the chance to access the latest technology and to collaborate in a co-working space, while the pop-up outreach programme will be of value to other business hubs across our district."