A business and innovation centre could speed up the growth of digital industries across Teesside.
Newly-launched Fusion Hive will be at the heart of Stockton’s Northshore regeneration area, led by Muse Developments.
The urban regeneration specialist is developing Fusion Hive in partnership with Teesside University and Stockton Council. The centre is being built on land owned by the Homes and Communities Agency (HCA), who have invested nearly £3m into the project.
The three-storey Fusion Hive, a 36,000 sq ft facility offers flexible working spaces for around 60 small and medium sized enterprises in the digital and scientific sectors.
Managed by Teesside University it will provide business tenants with high-spec accommodation, access to business support services and the university’s established business network, specialist expertise and any potential funding opportunities.
The building has been designed with the ‘needs of fledgling enterprises at its core’ according to bosses, with flexible individual workspaces and collaborative areas to help ‘likeminded businesses interact, network and work together’.
Fusion Hive was given the go-ahead following a £2.87m investment from the European Regional Development Fund (ERDF), the fund matched by the HCA.
Simon Dew, Senior Development Surveyor, Muse Developments said: “Fusion Hive sees the collaboration between several organisations that will ultimately give new businesses the best opportunity to grow and prosper.
“Construction is well underway and we’re looking forward to its completion this summer. It will be a great asset to Northshore, which has an exciting future ahead, with the new head office for Thirteen nearly complete and the second phase of successful housing development Vivo selling well.”
Teesside University’s Laura Woods added: “Through our own knowledge base, resources and networks we plan to give SMEs the best opportunity they can have to grow. In this way, Fusion Hive’s positive impact will extend beyond the tenant companies to the wider economy of the region.”
No comments:
Post a Comment