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, confirmed at the LEP Board meeting on Friday, July 12, is funded by the Government’s Local Growth Fund, as part of their commitment to the Northern Powerhouse.
The @TheDock development has the Centre for Digital Innovation (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.
Developer Wykeland is also set to commit around £4m in funding to complete the project.
Chair of the Humber LEP, Lord Haskins, said: “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.
“We are delighted to allocate this funding and support C4DI to expand, enabling more digital and technology start-up firms, while offering even more space for established SMEs to expand and grow.”
John Connolly, Managing Director of C4DI, said: “The next stage of the @TheDock development will accelerate further our work helping tech companies grow and traditional businesses innovate.
“The expansion of the @TheDock tech campus will provide the space and infrastructure to support more start-ups, encourage more businesses to relocate to the region and support the ever-growing digital needs of traditional businesses so they, in turn, become more profitable and have a greater economic impact.”