The Shell Store
Hereford’s flagship business incubation and innovation centre, part-funded by a £2.4m loan from the Marches LEP, was officially opened this summer.
Robert Jenrick, the then Secretary of State at the Ministry of Housing, Communities and Local Government (MHCLG), cut the ribbon on the refurbished Shell Store following a £7.3m transformation of the site.
It has created more than 4,000 sq metres of employment space, with room for new and growing businesses to set up and expand alongside facilities for development and innovation. The 25 business incubation units are forecast to generate around 98 new jobs by 2023, rising to more than 426 by 2031.
The centre is also now home to the Marches Growth Hub Herefordshire, Herefordshire Enterprise Zone team and local chamber of commerce.