Secure Innovation Set to Bolster Local Economy and Reach Net Zero with New Funding - September 27, 2023

Secure Innovation Set to Bolster Local Economy and Reach Net Zero with New Funding

Wednesday, September 27, 2023

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Company: Secure Innovation

Secure Innovation, a Cornwall-based innovative technology company, has been awarded £600,000 in funding from the UK Government’s Shared Prosperity Fund (SPF) to support further growth and aid the local economy and the environment.

Secure Innovation, deeply rooted in Cornwall, has a rich history of innovation spanning four decades. The funding, matched by an investment of £200,000 from Secure Innovation, will support infrastructure development, and enable them to enhance existing projects, like Remote Planet. A remote asset management system, that optimises Low Earth Orbit developed with the European Space Agency, that can track, monitor and protect people, cash and assets anywhere on Earth. 

The funding has been awarded from Cornwall Council’s Good Growth Programme, which is funded by the UK Government through its Shared Prosperity Fund. Cornwall Council has been designated by the Government as the lead authority of a substantial fund of £132 million, which is being invested in strict accordance with the Good Growth SPF Investment Plan.

Investing in Cornwall and the Local Economy

Secure Innovation’s commitment to the region is unwavering, as evidenced by its dedication to expanding operations, reinvesting in the local community, and stimulating economic growth within the area. Presently, Secure Innovation employs over 100 people in Cornwall, including a team of 30 highly skilled research and design engineers.

The funding will enable the creation of a significant number of additional skilled and semi- skilled employment opportunities. Furthermore, it will generate a substantial positive economic impact throughout the county by fostering partnerships with other local businesses.

Achieving Net Zero Targets

Secure Innovation will also be using the funding to achieve net-zero emissions. It will facilitate the installation of solar energy sources and electric vehicle charging facilities for both staff and visitors. Through the power of green energy, the company will significantly enhance its production capacity. This will be achieved through the introduction of an automated stores system and in-house CNC machining facility.

Promoting Employee Wellbeing

To further enhance the well-being of their dedicated workforce, Secure Innovation will also construct a modern staff welfare building, which will feature a canteen and social space. The facility will include shower facilities for employees who wish to take advantage of the company's health and well-being initiatives, including the popular cycle-to-work scheme.

Tony Westington, Managing Director at Secure Innovation, expressed their gratitude for the support received. "We are immensely proud of our Cornish heritage and are dedicated to playing a role in the region's sustainable and responsible growth. This funding allows us to upgrade our facilities to continue to deliver trusted cash and asset protection solutions. It also strengthens our commitment to the environment and the well-being of our team. We envision a future where Secure Innovation continues to be a beacon of innovation and environmental responsibility in Cornwall."

Secure Innovation looks forward to working closely with the local community, Cornwall Council, and other stakeholders to ensure the successful execution of this transformative project.

About Secure Innovation

Secure Innovation is the global leader in intelligent cash protection products and remote asset management services. Customers and innovation have driven the company’s research, development, and patented technological solutions for over 40 years. Products that are used worldwide in over 50 countries every day.

Secure Innovation’s head office is in Cornwall, UK, with an international network of service centres, mobile technicians, sales, and customer support. Providing fast and effective service from a team of over 130 talented professionals.

Trusted by customers and the industry, Secure Innovation is ISO-certified and has team members on the respected boards of industry committees and associations.

Secure Innovation believes innovation and people are the future. Dedicated to bringing peace of mind through smart, safe, and secure technologies. Find out more about the company’s values.

About the UK Shared Prosperity Fund

The UK Shared Prosperity Fund is a central pillar of the UK Government’s Levelling Up agenda and provides £2.6 billion of funding for local investment by March 2025. The Fund aims to improve pride in place and increase life chances across the UK by investing in communities and place, supporting local business, and people and skills. For more information, visit UK Shared Prosperity Fund

Additional Resources from Secure Innovation

Secure Innovation White Papers
Secure Innovation Press Releases / Blog Posts

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