Construction work starts on iCentrum building

CONSTRUCTION work has commenced on Innovation Birmingham’s iCentrum building.

The 41,700 sq ft speculative development project is located next to Faraday Wharf and Aston University.

iCentrum is the first phase of expansion of the Innovation Birmingham Campus, which is currently fully let.

The 60 week build programme will see iCentrum being open for occupation in March 2016. It will be delivered by Stourport-headquartered Thomas Vale Construction.

The circa £8m technology incubator is being funded through a commercial loan, agreed with Birmingham City Council, to cover the main construction and fit-out costs. In addition, Innovation Birmingham has secured funding from the Greater Birmingham & Solihull Local Enterprise Partnership’s (GBSLEP) Enterprise Zone’s Site Development and Access Fund to create additional co-working space in the new building.

The new businesses in iCentrum will create 400 high-value skilled tech jobs.
Sir Albert Bore, leader of Birmingham City Council said: “iCentrum will drive forward our Smart City agenda, creating hundreds of new jobs within local SME tech firms, based within the building and across the Greater Birmingham region.”

Dr David Hardman MBE, CEO of Innovation Birmingham, said: “We have a waiting list for space at the Innovation Birmingham Campus, and this new state-of-the-art incubation facility will drive a new generation of tech entrepreneurs for the city.”

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