Plans to bring a multi-million pound technology hub to Nottingham have taken a huge step forward.
Accelerate Nottingham will aim to boost start up businesses and is expected to create around 200 new jobs in the city.
The hub will be located at Poynt North, Wollaton Street after the acquisition of the premises by investment firm Blenheim Chalcot.
Leading the way for Blenheim is former Capital One executive, Mark Onyett – the man responsible for setting up TDX Group in the city in 2004, and selling the business after a decade for an impressive £200m.
Blenheim Chalcot has already invested around £40m into establishing three new businesses in the City and set a goal on creating Nottingham’s equivalent of Silicon Roundabout in London, which is the third largest technology start-up cluster in the World.
Picture: The Hub will be located at Poynt North on Wollaton Street.
Mark Onyett, who is a partner at Blenheim Chalcot, said: “Nottingham is a fantastic place to build a business, there are two good universities here and there is a wealth of data analytics skill in the city, which means we can find great staff.
“With Accelerate Nottingham, we will be bringing together all of Blenheim Chalcot’s current businesses in the city which includes a consumer lender, tech business and a small business lender, but that is just the beginning.”
Matt Hannah, Director at Innes England in Nottingham, secured the deal on behalf of Blenheim Chalcot.
He said: “Mark and his team have already made a significant investment into the city and this acquisition of premises further illustrates their commitment to Nottingham and the talent there is here.
“Accelerate Nottingham will offer an excellent opportunity for technology businesses to cluster together by creating a real powerhouse of skills right in the heart of the city.”
-Matt Hannah, Director at Innes England in Nottingham
The firm has now signed a deal to purchase Poynt North, which will house all three of the businesses, Oakbrook Finance, Sequensis and BizFiTech.
