Newcastle to open the £250m Core tech hub to drive digital jobs growth

The Core, the first building to open as part of the Science Central development in Newcastle, is projected to create 400 jobs and bring £20 million to the city’s economy.

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The Core, the first building to open as part of the Science Central development in Newcastle, is projected to create 400 jobs and bring £20 million to the city’s economy.

The £250 million building is located on the former Newcastle Breweries site, where Newcastle Brown Ale was once made. It will open for business on 3 November following a 12-month construction programme.

Owned by Newcastle City Council, The Core, which spans seven floors, will create around 2,750 sqm of serviced office space for high growth technology and science-based businesses, with additional event space for business networking and activities.

Over half of the building is already pre-let to tenants, with academic and industry research partnerships having also been formed..

Leader of Newcastle City Council Nick Forbes said: “The Core is a bold statement of confidence in Newcastle. The fact that more than half of the building is already let – four months before it is due to open - shows a real demand among businesses who want to locate in Newcastle."

Forbes said: “The 400 high quality jobs it will create, and the £20m economic boost, are fundamental in helping us build a strong knowledge-based economy that will enable the city to compete on an international stage.”

The Core offers flexible terms suitable for high growth businesses, 24-hour access, free private meeting rooms and "hyperfast" fibre broadband connectivity.

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