For over 30 years Oxford Innovation has been a major contributor to making places thrive; championing innovation and ambition, we deliver services that strengthen local economies and help entrepreneurs and their businesses to thrive.
By the end of 2021, we have created the following as a result of delivering high quality, effective and measurable business support programmes across England:
Supported 31,694 SME businesses
Created 27,848 new jobs
Generated £1,086,198,367 in GVA
Supported the development of 1816 new products
Raised £166,373,884 in private investment
Distributed £13,688,046 in grant funding to SMEs
New products created
Founders Sir Martin Wood and Lady Audrey Wood created the most successful ‘spin out’ business from the University of Oxford called Oxford Instruments in 1959. They designed and manufactured specialist tools and systems for industry and research, became pioneers of super conducting magnets – MRI scanners and created the world’s first full body MRI scanner in 1980.
Along the way, they realised there were three crucial areas to support their success – Space for entrepreneurs to innovate and collaborate, business expertise and Advice and access to Finance. This was moulded by the Oxford Trust.
Oxford Innovation was founded by the Oxford Trust in 1987, ‘Encouraging the pursuit of science and enterprise’.
Oxford Innovation Advice offers Insights into SME needs and policy effectiveness for policy makers, funders and business support commissioners. It draws on our 30 years’ experience of delivering positive economic growth by enabling scale-ups to achieve their full potential. Each edition concludes with an ‘Implications for funders and Policy makers’ section.
Update – Wednesday 15th December 2021