Staffordshire University and Keele University are involved in a collaboration as part of the newly launched Stoke-on-Trent & Staffordshire Innovation Council to look at ways of boosting the local economy.
This has entailed using the research, knowledge, resources and skills at the respective universities to better exploit existing resources across the region as well as aiding planning to ensure the Stoke-on Trent and Staffordshire can maximise its future potential.
The partnership includes a programme of collaboration around student, social and graduate enterprise; provision of business start-up space for new companies, and support for assisting the LEP in securing European funds to support economic growth via research and development. The concordat also maps each of the universities unique expertise to the priority business sectors identified in the LEP Strategic Economic Plan. This recognises the world leading expertise of both universities in areas including sustainability, medical technologies and the digital and creative industries.
This new partnership is an example of that encouraged by universities in a recent review by Sir Ian Diamond on the efficiency, effectiveness and value for money of universities in the UK and enables the LEP, universities and business to work with government to map strengths – something proposed by the Chancellor Exchequer in his Productivity plan to increase UK productivity growth across the next decade, following the July 2015 budget.