Triple Power Play: Innovation Hub Kicks Off Enterprise Building 3 in Public-Private Mode

The Innovation Hub has officially launched its highly anticipated Enterprise Building 3 Public-Private Partnership (PPP) project, marking a major milestone for science, technology, and entrepreneurship in the region. The R83.1-million initiative will expand The Innovation Hub’s infrastructure through a 45-year PPP, with R71 million financed by Absa and the remainder from government and private partners.

 

Key Highlights

 

•⁠  ⁠Enterprise Building 3 will add state-of-the-art office, event, and amenity space, designed for flexibility and future growth, supporting startups, research, and collaboration.

 

•⁠  ⁠The project is set to become a focal point for innovation, attracting partners from the National Cyber Force, universities, and private sector, and is expected to drive inward investment and job creation.

 

•⁠  ⁠Sustainability is at the core, with plans for low-carbon construction and environmental certifications to meet market demand.

 

•⁠  ⁠The PPP structure ensures long-term stability and shared risk, with a 45-year operational horizon.

 

Outlook

 

With construction now underway, Enterprise Building 3 is poised to accelerate regional economic growth, foster cutting-edge research, and cement The Innovation Hub’s role as a leading force in innovation ecosystems for decades to come.

 

Source: Engineering News, Instagram, Lancashire County Council