Cheltenham's cyber sector gets £20m boost from government
Levelling-up cash will help build National Cyber Innovation Centre in the Golden Valley Development
£20m of funding's today (Friday 7th June) been confirmed for the Golden Valley Development in Cheltenham.
It's coming from the Department for Levelling Up, Housing and Communities and adds to the cash already being invested by Cheltenham Borough Council.
The funding will go towards the first stage of construction works for the National Cyber Innovation Centre.
It's expected to be fully approved by the council when it meets on the 23rd of July.
Chief Exec at the local authority, Gareth Edmundson said: "Making progress to secure this funding is excellent news. The Golden Valley Development is moving forward at pace and the £20m Levelling Up Funding helps build on the significant investment already made by the council to deliver this pioneering project and to transform west Cheltenham into an internationally recognised tech and security community with the National Cyber Innovation Centre at its heart.
"The Golden Valley Development will build on our strength as a town and helps to deliver jobs, housing and prosperity to Cheltenham."
Matt Bellshaw from developers HBD added: "Securing this funding is a significant milestone for Golden Valley. This investment will help us achieve our aim of creating a vibrant and innovative community. We are seeing strong interest across the board in Golden Valley from occupier businesses, including startups and large enterprises, as well as academia. We look forward to working closely with all stakeholders to bring this transformative project to life."
People wanted to stay informed about the developments at Golden Valley can visit: www.goldenvalleyuk.com