Tech City and Croydon

Meeting: 
MQT on 2014-09-17
Session date: 
September 17, 2014
Reference: 
2014/3492
Question By: 
Fiona Twycross
Organisation: 
Labour Group
Asked Of: 
The Mayor
Category: 

Question

Further to MQ answer 2014/2565 how far developed is the concept of an "innovation centre" and how similar is the proposal to the idea of an "Open Institute" at Old Street?

Answer

Answer for Tech City and Croydon

Answer for Tech City and Croydon

Answered By: 
The Mayor

The development of the Innovation Centre project as part of my Regeneration Fund for Croydon is on-going. We are working closely with Croydon Council on details for a sustainable business model, including finding a suitable town centre location and the brief for the delivery partner that will take on the operation of the centre. In the Open Institute, we are seeking to provide a suite of high quality specialist facilities that can be shared by the local and tech community. The Innovation Centre aims at nurturing local SMEs in high growth sectors such as ICT as well as attracting new business and investment to the Opportunity Area through the provision of affordable work space and a support programme of activities that foster knowledge exchange and collaboration.