Issue details

Sheffield City Council has been requested by the Department of Culture, Media Sport (DCMS) to receive and then act as Accountable Body for £3.5m of capital funding to establish a new facility providing work space, business incubation and other services for entrepreneurs and small and medium sized businesses (SMEs) based in the Sheffield City Region whose ambitions and business models rely on digital technologies and their applications.

Following a competitive selection process and acting as the Accountable Body for the funding, SCC has assessed a number of proposals and is now in a position to enter into a Funding Agreement for up to £3.0m with Northpoint CH Ltd for the development of Castle House into a work space and incubation facility for the ‘tech sector’ and related businesses.