University of Nottingham have proposed plans to open a Technology Entrepreneurship Centre which could bring in over 200 jobs.
The £5.2 million business hub will be shaped like a Raleigh bicycle Wheel as it will be located near the sight of the old Raleigh bicycle factory.
The University of Nottingham have submitted plans to the Nottingham City Council for the Jubilee Campus scheme, and if accepted the project could be completed by spring next year.
The university hopes that the new Technology Entrepreneurship Centre will be home to 50 businesses along with student enterprises and other start-ups.
“This is an excellent illustration of why our universities are so important to Nottingham’s economy, not just in delivering higher education and skills but in helping to drive entrepreneurism, job creation and growth in key areas such as the technology sector.”
Nick McDonald, Nottingham City Council portfolio holder for jobs and growth.
This could help keep young student entrepreneurs in the city to develop their business ideas rather than moving elsewhere.