Stowmarket Businesses Need New Tech Hub

Businesses in Stowmarket will be forced to leave unless a new tech hub is built, says CEO of AI and VR company.

14:26 07 November 2018

Peter Brady, CEO of Orbital Media that specialises in artificial intelligence and virtual reality, says that businesses in Stowmarket will be forced to leave unless there is a tech hub that they can rely on.

 

The entrepreneur, who has been running his company in Suffolk town for 10 years, says he might move due to the lack of office space he needs to grow his company.

 

“This is very important because those companies will leave Stowmarket if this tech hub doesn’t happen,” he warned. “That would affect all the professionals that feed off those businesses, ranging from the guy that arranges cocktail evenings for us to local lawyers, accountants, and retailers. All our employees go into town and spend up to £10 a day - we bring money into the area.”

 

“The dearth of decent office space is problematic because we are trying to inspire larger companies to come and work with us,” explained Mr Brady. “I figured that we could either move to another tech hub - Cambridge, for example - or we could try to do something bigger and better and help not only ourselves, but other businesses too.”