Student Developments Driving Out Coventry's Businesses
20th Jul 2018
Newcastle University has committed to part funding the National Innovation Centre for Data (NCID), which aims to ensure the next internet giant homes itself in the UK.
The NCID forms the final segment of the city's Science Central development, a joint venture between Newcastle City Council, Newcastle University and legal & General. The project will create more than 4,000 jobs, half a million square feet of office space and hundreds of new homes.
Half of the project's funds have been confirmed by Minister of State for Digital Matt Hancock, with the rest of the money coming from Newcastle University.
The aim of the NCID is to connect leading academic talent in universities with industry and the public sector, in order to develop the skills needed to solve real world problems using advances in data science.
Mr Hancock said of the scheme: "We're determined to unlock the huge potential of big data which could add billions of pounds to our economy - from powering price comparison sites to improving the flow of transport around cities.
"Our new National Innovation Centre for Data will help us achieve this aim by making sure the skills and talent in our universities is being transferred into industry and the public sector.
"It will not only spark innovation among the next generation of tech experts but also help businesses across the whole country capitalise on the immense value of data."
Plans for the centre were submitted to the council to coincide with the funding announcement.
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