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Last Updated: Tuesday, 7 February 2006, 11:18 GMT
High tech business gets 1m boost
A contract worth more than 1m has been awarded to a Cambridge firm to boost the growth of high-tech companies in eastern England.

The East of England Development Agency (EEDA) has given the contract to St John's Innovation Centre.

EEDA says it hopes the scheme will help create more than 400 jobs and help 200 new companies.

It also aims to encourage millions of pounds of investment in the eastern region, said an EEDA spokesman.

The project will also involve providing specialist support to companies.

It aims to provide an international relations manager to help build partnerships with overseas companies.

Walter Herriot, managing director of St John's Innovation Centre, said: "This money and the services it will fund will have a real impact on the future of the whole region.

"We are developing enterprise hubs where companies can get the assistance they need to make their businesses succeed - accessing knowledge and networks which will improve their development."

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