Creative England and Barclays have joined forces, forging a partnership that will focus on investment and intensive development in the UK's creative technology sector.
That partnership takes the form of an accelerator program that will offer creative technology entrepreneurs "the support and help they need early on in their business lifecycle." The incubator, dubbed 'Barclay's Eagle Lab - Flight', will be based in the Brighton Eagle Lab in early 2017.
Matt Hancock, the minister of state for digital and culture said of the accelerator: “This government is committed to backing the success of the UK’s creative industries as design and digital capability will be at the heart of the future economy. This great initiative from Creative England and Barclays will help deliver vital knowledge and skills to businesses in this sector and ultimately boost the number of UK scale-ups. I'd urge any creative business wanting to expand and grow to apply for this scheme.”
Creative England have been tapped to bring the "creative spark essential to inspire the extraordinary and ambitious projects the programme is aiming to incubate." They'll also be programming a series of talks from "world class" creative leaders, and offer a series of collaborative events and creative workshops to try to get the best from those involved.
Steven Roberts, the MD of strategic transformation at Barclays, said: “We are determined to support UK entrepreneurs and enterprise and help to close the UK’s scale-up gap. We are delighted to be the first bank to partner with Creative England – and working together means we can target the creative sector with a solution to help them to grow, and in turn stimulate UK economic growth. Our joint accelerator will be open to any business nationwide, with a focus on the South East.”