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Newcastle Uni To Help Create 1,000 Tech Jobs

29 Mar 2016

Newcastle Uni To Help Create 1,000 Tech Jobs

Newcastle University is to build a new ‘big data’ innovation centre in an initiative which hopes to create up to 1,000 tech jobs in the North East city.

The investment is being jointly funded by Newcastle University and the UK Government, which pledged the money in Budget 2016 earlier in the month. Each party will inject £15 million for a total investment of £30 million in the project which will be overseen by the university’s new National Institute for Smart Data Innovation. No opening date has yet been revealed, but the new facility will be built at Science Central, a 24 acre science, business and leisure hub in Newcastle upon Tyne.

The seed of the new Newcastle smart data centre idea came from Dynamo, an industry-led initiative which focuses on growing the North East’s technology sector. It is hoped that by bringing leading academics from around the world into contact with local businesses at the centre, the North East can become a beacon for the Information Revolution in the UK.

Dynamo’s Vice Chair, Neil Hemming, explained:

“The application of smart data technology has the potential to benefit significantly all sectors of the UK economy with estimated financial impact measured in billions of pounds. The opportunity for the North East to take a leadership role in the development and deployment of smart data for the UK represents a massive opportunity to build on and scale our existing impressive local capabilities. Our approach has been to break down any barriers between academia and business in the National Institute for Smart Data Innovation. Joining the dots between these cross industry, regional assets with smart data is very, very exciting.”

Average salaries for people working in the technology sector in Newcastle and Durham reached £44,000 in 2015 and industry growth soared in the region by more than 33 percent.

Newcastle City Council’s Leader, Councillor Nick Forbes, said: “Local people will benefit from the creation of over 1000 jobs in the city’s booming digital tech sector, helping them to develop the skills of the future. The institute will make a big contribution to the economic growth of the city and the wider region. It will have national and international significance, cementing Newcastle University’s role as the country’s leading centre for research in computing science.”

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