A NEW company is to be set up to run a business centre which is currently being built.

The East Thames-mead Innovation Centre, which is due to be completed in February next year. And will offer space for new and innovative business enterprises.

Bexley councillors have met with businesses and research organisations to discuss how the business should be marketed and operated.

Peter Shawyer, vice-chairman of the board and managing director of Crayford-based Texel Technology, said: "The next few months will see the foundations created for a successful new company."