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Funding agreed for Cheltenham's National Cyber Innovation Centre

29 September 2023
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How the new development will look
How the new development will look

Cheltenham Borough Council has agreed a funding package to secure construction of the National Cyber Innovation Centre.

The agreement this week secures the delivery of two key buildings namely the National Cyber Innovation Centre and Mobility Hub.

The £95m project will be funded from borrowing and the sale of council assets.

READ MORE: Cheltenham's Golden Valley Development to play important role in government's National Cyber Strategy

The centre will be built on land at the Golden Valley Development which aims to develop 200-hectares of land beside GCHQ in West Cheltenham into a garden community integrating hi-tech business, residential and leisure uses.

Councillor Mike Collins, cabinet member for cyber, regeneration and commercial income at Cheltenham Borough Council said: ‘’I am pleased that we have taken a huge step forward in the delivery of our Golden Valley ambitions and now have a development funding agreement to enable us to move forward with this first phase. This is significant and will give us assurance on a number of levels. Funding a project of this scale and nature comes with associated risk but this agreement provides us with a number of protections through a variety of clauses and conditions that must be satisfied before any funding is provided.’’


Stephen Emerson is the Managing Editor of The Business Magazine and is responsible for the publication's print publications and online properties including the newly launched Biz News websites in Hampshire and Dorset.

Stephen has been a journalist for 20 years and has worked at local, regional and national publications and led a team which made The Scotsman website one of the fastest growing news sites in the UK with over eight million monthly users.

He has a keen interest in technology, property and corporate finance and telling the stories of the people behind the successful firms in these sectors.

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