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A bid to gain technology college status, which would give almost £400,000 of extra funding, has been launched at Samuel Ward School in Haverhill.
The school will make its bid in October and must raise £100,000 in local sponsorship, which would be matched by the Technology College Trust, plus another £175,000 in achievement related funds.
If the bid succeeds, it will provide a science and technology base for all the schools in the Haverhill area and for adults within the community.
Head teacher Peter Roberts told guests at the launch the school already had strong links with the business community and did not want to miss out on the opportunity to stay at the cutting edge of technology.
"I think we would be remiss if we did not do this in the particular circumstances of Haverhill to ensure the young people in the area could seriously enhance their skills."
"It would seem a great shame if we could not join this list of national schools," Mr Roberts said.
Christine Prentice, of the Technology College Trust, said since 1994 they had started 365 specialist schools in England and the Haverhill bid needed business support and sponsorship to succeed.
MP Richard Spring gave his full backing to the bid and said it was particularly important young people were equipped with the right skills.
He said this was vital to the future prosperity of the town.
Tom Harrison, chairman of Enterprise 2000 and also vice-chairman of the school governors, said it was in the interests of the business community to support the plan.
"This is an excellent school which deserves our support. I think the town is big enough to come up with this money," he added.

Anyone who can support the school's bid should ring (01440) 761511.