From jamie goodwin | Tuesday 30 July 2019
Contribution has been funded by the Government’s Local Growth Fund as part of its commitment to the Northern Powerhouse.
The Humber Local Enterprise’s (LEP) Board has agreed to allocate almost £1.3m in funding to the @TheDock tech campus in Hull’s Fruit Market.
The contribution is funded by the Government’s Local Growth Fund, as part of its commitment to the Northern Powerhouse.
The @TheDock development has the C4DI tech hub as its centrepiece. Completed in 2015, C4DI is one of three tech hubs planned for the area. The funding agreed will see the development of another block, with the development of a third block subject to an application for European funding.
The new block will provide Grade A office space with ultra-fast gigabit fibre connections aimed at satisfying the demand for the expanding C4DI and Hull’s digital and tech sector.
An artist's impression of @TheDock tech campus in Hull’s Fruit Market.
It will include expanded flexible office space ready for more established firms to move on or expand, which will free up space in the existing block for more start-up firms to move into.
Developer Wykeland Group is also set to commit around £4m in funding to complete the project. Once finished, the development could create 156 new jobs and will provide an additional 1,858 sqm of floorspace for the tech and digital sector.
C4DI, the Centre for Digital Innovation, supports the development of the digital and tech sector in Hull. The facility is a privately run technology incubator that helps tech companies grow and traditional businesses innovate. It also provides a digital community, providing support and networking opportunities for both established and growing companies.
Lord Haskins, Chair of the Humber LEP, said: “The digital and technology sector is a hugely important part of the business landscape both in Hull and across the wider Humber region.
“The region’s digital and tech sector is an enabler of our region’s future growth, as noted in our Humber Industrial Strategy proposals, which will play an important part in the Humber’s role as an international gateway. It is therefore extremely important to ensure we are building on existing measures to provide support for the region’s digital firms."