Multi-million pound plans for a digital business hub
GOVERNMENT money is expected to be used for a new multi-million pound digital business center in Warrington.
The Labor-led council cabinet is expected to approve the government’s submission of the business case for the facility, as part of Warrington’s Town Deal program, next Monday.
It would be located at St James’s Business Center, off the Wilderspool Causeway.
The council submitted the city’s investment plan containing seven transformation projects totaling £ 26.56million.
As a result, the authority was informed that Warrington had received a Town Deal worth up to £ 22.1million from the government’s Towns Fund.
The lack of funding, due to the demand for £ 26.56million, has forced each of the seven projects to cut their respective budgets on a proportional basis. This resulted in a reduction in the initial £ 3.5million funding for the digital enterprise hub from £ 800,000 to £ 2.7million.
In his report to the members, Cllr Tom Jennings, member of the Council for Economic Development and Innovation, says that a digital business hub is a physical space designed to support innovation and collaboration for businesses using digital and disruptive technologies, such as artificial intelligence, big data, virtual reality, e-commerce and logistics automation.
“Warrington’s digital enterprise hub will also focus on the gaming industry,” he adds.
“The space created by the digital business hub will also encourage knowledge sharing and support for local digital entrepreneurs. ”
The report states that the hub is funded by three main sources.
Cash from the European Regional Development Fund (ERDF) totaling £ 1.856 million has been secured.
Meanwhile, the Town Deal proposes to allocate £ 2.7million and Wire Regeneration Ltd offers to invest its own funds for a total of £ 3.1million – creating a total project budget of £ 7.656million. of pounds sterling.