Enabling Business Success through Data Innovation
NICD’s collaboration with over 90 businesses, including SMEs and large corporations, has delivered tailored data solutions that drive measurable outcomes. The support received by our expert data scientists has directly contributed to the creation of 184 net full-time equivalent jobs in businesses across the region, generating millions in economic value. Through expertise in data science, analytics and AI, as well as upskilling the businesses we collaborate with on projects, NICD helps companies harness the power of data to innovate, improve productivity, and stay competitive.
Attracting Inward Investment
The team at the forefront of NICD’s activities and presence in the North East has attracted major companies investing in the region. This has contributed to significant economic growth, attracting over 1,500 new jobs. This not only boosts the local economy but also enhances the region’s reputation as a hub for cutting-edge innovation. The centre's ability to foster partnerships between businesses and academia has made the North East a magnet for investment.
Regional and National Impact
Our team’s efforts since 2019 have generated £14.90 in Gross Value Added (GVA) for every £1 of public funding, a remarkable return on investment that underscores its role as an economic powerhouse. The centre’s work also aligns with national priorities, such as addressing climate change and strengthening health resilience, ensuring its benefits are felt across the UK.
Strengthening Newcastle University's Role in Innovation
NICD’s success is intrinsically linked to Newcastle University’s mission of driving societal impact. By acting as a bridge between academia and industry, the centre not only boosts the university’s reputation but also creates opportunities for students, researchers, and alumni to engage with real-world challenges. The business partnerships facilitated by NICD underscore the university’s role as a key player in data-driven innovation. We have helped Newcastle University secure over £80 million in public research funding so far, amplifying the region’s research and innovation capabilities.
Future-Focused Growth
Looking ahead, NICD’s vision for scalable and sustainable innovation ensures its contributions will continue to shape the business landscape and regional economy. Projections indicate that the current GVA of £35.7 million (net present value, NPV) is projected to rise to £206 million in net additional GVA by end-2033, highlighting our enduring value and long-term impact on the region. Projections also show that NICD is set to play a major role in delivering an economic benefit to the North East, totaling £742 million in GVA (NPV) over the coming decade through sustainable and scalable initiatives.
NICD stands as a shining example of how data innovation can transform businesses and regions while reinforcing Newcastle University’s leadership in research and education. Our impact is a testament to the power of collaboration and the potential of data to drive meaningful change.
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