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# Suffolk innovation hub secures £110,000 to boost diversity in local tech sector
- URL: https://www.ipswich.co.uk/suffolk-innovation-hub-secures-110k-to-boost-diversity-in-local-tech-sector/
- Published: 2024-08-08T08:43:00.000Z
- Updated: 2026-03-16T15:38:14.000Z
- Description: Innovation Labs Group (iLabs) has been awarded a £110,000 grant to scale support for digital tech startups in Suffolk, focusing on increasing diversity in the sector.
- Author: Oliver Rouane-Williams
- Tags: News, Business, #article, iLabs, #Import 2026-03-16 14:46

**Why it matters:** The funding aims to create more opportunities for Suffolk-based founders, particularly those from disadvantaged backgrounds or underrepresented groups who may be more likely to struggle to launch their ventures.

**The big picture:** The grant, part of the [Ecosystem Partnership Programme](https://labs.uk.barclays/what-we-offer/our-programmes/ecosystem-partnership-programme/?ref=ipswich.co.uk), seeks to address the lack of startup incubators in the East of England and promote a more inclusive tech ecosystem.

**Key details:**

- The funding will support 'The Future' project, developing stronger connections between experienced entrepreneurs and the next generation of diverse regional startups
- [iLabs](https://innovationlabsgroup.com/?ref=ipswich.co.uk) plans to identify, engage, and support early-stage startups from underrepresented groups
- Since 2019, iLabs has supported several emerging Suffolk businesses, including Queue Pay, Guided Innovation, and West View IT

**What they're saying:**

- Peter Basford, iLabs founder: "The latest funding is a huge vote of confidence in Innovation Labs and its mission to create an environment that allows more Suffolk-based founders to start businesses that grow and thrive in this region."
- Amanda Allan, Barclays Eagle Labs Director: "We are proud to be able to support such projects, which are designed to help early-stage tech entrepreneurs."

**By the numbers:**

- iLabs has five locations across Suffolk and Norfolk, plus one in Kuala Lumpur
- The innovation hub was founded in 2019 by Peter Brady, Peter Basford, and Hermione Way

**The bottom line:** This investment provides an opportunity to boost diversity in Suffolk's tech startup scene, creating more jobs and attracting a wider range of talent to the area.

**How to apply:** [Contact iLabs](https://innovationlabsgroup.com/contact-us?ref=ipswich.co.uk) to learn more and discuss your eligibility.

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