NMITE is a new independent, not for profit, world class higher education institution which will address the shortage of skilled graduate engineers, in the Marches and British businesses, in advanced manufacturing, agri-engineering, data, defence, resources security, and sustainable/smart living technology sectors.
Phase 1 (£2.7m) – Following NMITE securing a 50-year lease from the Department for Education on the former Robert Owen School building on Blackfriars Street in Hereford the LEP have now awarded £2.7m to the project.
The funding will allow the buildings to be improved, adapted and equipped to provide 3205m2 of teaching and learning space at the Blackfriars site, will allow 270 learners to be taught there, 37 jobs to be created and 75 companies to be supported by March 2022. The LEP grant is due to lever £3,133,750 of private sector match and generate £6,480,000 of GVA into the local economy.
£8.4 million Growth Deal 3 investment in Phase 1 and Phase 2
Facilities for 270 new learners at the refurbished Blackfriars site, 810 new learners and 750 undergraduates at the new facilities on the Skylon Park campus
Over £10million private sector investment levered by the grant
Phase 2 (£5.7m) – NMITE Phase 2 focuses on the North Magazine Development at Skylon Park comprising the Centre for Advanced Timber Technology (CATT), the Centre for Automated Manufacture (CAM) and the Centre for Future Skills (CFS).
These three buildings are core teaching and learning facilities to support the delivery of NMITE’s business plan and the original Marches LEP Growth Deal objectives. The project will lever £7.7m of private sector match, deliver 195 jobs, 810 new learners and 750 undergraduates for the investment and will generate £27,520,000 GVA.