A new Centre for Entrepreneurship will be established at Cass Business School with a personal donation of £10m from Peter Cullum, founder of the Towergate Partnership and Management Today’s Entrepreneur of the Year.

The Peter Cullum Centre for Entrepreneurship will be one of the largest centres of its kind in the world to provide support and funding to budding entrepreneurs, with a focus on the finance or service sector.  It will also generate research and consultancy for this important sector.

A £10m seed fund will be used to finance new projects pitched by both aspiring and established entrepreneurs. These ideas will be presented to a panel of experts who will provide advice drawn from experience at Cass, the City and the broader service sector. Cass will also establish an incubator to provide office space and facilities for those who receive funding for their ideas.

Cullum, who completed an MBA at Cass Business School, has provided over £700,000 as part of the fund to appoint an entrepreneurship professor to lead the Centre. An advisory board consisting of leading European and American entrepreneurs is also being constructed which will help lead the direction of the Centre and promote its aims.