New Era Developments Secure Funds Worth £27m
14th Aug 2018
Cardiff University has signed a deal with Bouygues UK Limited to build the next phase of the university's Innovation Campus that will create more than 60 jobs, apprenticeships and placements.
The Cardiff Innovation Campus (CIC) will provide cutting-edge facilities that help researchers, students and industry work together to build enterprises that create products, spin-outs, start-ups and social enterprises.
Bouygues UK Limited has a record of urban regeneration and will develop an abounded railway yard into the new campus.
Work on the site will create immediate jobs in construction and other associated trades. Once opened, CIC will be able to house hundreds of academic researches, students and university staff all working alongside those from the private and public sectors to exploit new ideas.
Located at Maindy Park, the campus will feature two centres of innovation. The first will house SPARK, the world's first social science research park, and the Innovation Centre, providing a space for start-ups spin-outs and partnerships. The other will be home to two world leading scientific establishments - the Institute for Compound Semiconductors and Cardiff Catalysis Institute.
Commenting on the development, Professor Colin Riordan, President and Vice-Chancellor at Cardiff University, said: "Cardiff Innovation Campus is right at the heart of our long-term commitment to build social and economic prosperity in Wales for the benefit of all. We are delighted to be working with Bouygues UK to create a 'Home of Innovation' that unlocks the power of research. CIC will create jobs, act as a crucible for ideas, and allow future generations of students with great ideas to find new ways of tackling pressing global problems."
Cardiff University is in the process of transforming its estate to ensure its fit for the 21st Century. CIC is due to be completed by 2021.
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