New Tenant joins Stockport's thriving business incubator - MIDAS

New Tenant joins Stockport's thriving business incubator

3 March, 2008 – New Tenant joins Stockport's thriving business incubator

Stopford Workshop Ltd will join a growing group of businesses at Broadstone Mill's business incubator later this month.

The company provides bespoke design and manufacturing of prototype instruments for medical and scientific customers, as well as a rapid repair service for laboratory equipment across the North West.

More than 20 companies have joined Broadstone Mill’s business incubator and managed offices since 2006. Its business incubator is managed by the University of Manchester Incubator Company (UMIC).

Stockport Council has provided refurbishment grants to help create purpose-built facilities for Stopford Workshop Ltd. Council Leader David Goddard explains: "This high quality business incubation facility provides a supportive environment which will allow companies to quickly develop from fragile start-ups to resilient and commercially successful businesses within the borough.

"As part of our Community Pride campaign we’ll be able to add value to the local economy by attracting the businesses of the future to Stockport."

Barry Gleave, managing director of Stopford Workshop, adds: "With the huge demand for space in the University Medical School and the pressure to reduce staff numbers regrettably the decision was taken to close the Medical School Workshop at the end of 2007. But this decision gave us a once in a lifetime opportunity for the existing staff to team up and form Stopford Workshop Ltd."

Barry continues: "We have raised funds to buy the contents of the workshop and transfer the assets to new premises at Broadstone, preserving the experience skills and technical capability of the medical school workshop team.

"This achievement was only made possible by considerable support from Stockport Council, UMIC and the University administration."

As well as offering a rapid collection and repair service Stopford Workshop is actively involved in research and development projects including precision laser measurement, seed encapsulation, tissue culture bioreactor development, and image processing calibration tools.

The company will occupy 2500 ft2 at Broadstone Mill with options to increase space already on the table. Broadstone Mill’s business incubator is one of several across Greater Manchester run by the University of Manchester Incubator Company (UMIC) helping over 40 hi-tech businesses across Greater Manchester to build and prosper.

Tony Walker, incubation manager at UMIC, says: "Stopford Workshop Ltd has got off to a fantastic start. The company is positioned well to collaborate not only with Manchester’s scientific spin-out community but with specialist SMEs across the region who need the skills and services that Stopford offers."

Source: UMIC press release


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