The Core, Science Central, Newcastle upon Tyne

Entrusted with developing the detailed business plan for a 5,000 sq m growth accelerator for spin-out companies from Newcastle University and for firms focused on science, technology and sustainability, Creative Space Management researched and developed a business model for the ambitious first building on Science Central. Located on a 23 acre site adjacent to St. James’ Park in Newcastle city centre, this was a key project for the region and the first building was be a litmus test of confidence and growth in the local economy. The Creative Space team worked with the University across multiple schools and disciplines, interviewed 15 businesses and developed a financial and operational model for The Core, including an initial marketing plan. Creative Space was subsequently appointed as the operator of the building by Newcastle City Council. The project gained planning approval in Autumn 2012 and went on site in May 2013. Following active marketing by Creative Space, The Core opened at 90% pre-let in October 2014 and went on to be awarded Best Commercial Workspace 2016 by British Council for Offices.


www.newcastlesciencecentral.com

what our clients say

We are confident that the Toffee Factory will successfully meet the needs of businesses in the creative and cultural sector, following CSM’s expert advice on the business plan and detailed design of the building.

Vicky Cuthbertson, Planning & Strategy Manager, 1NG Limited.

Case Studies

Digital Minds

Digital Minds, a specialist digital recruitment agency formed in 2009, relocated to the Round Foundry Media Centre from its Wellington Street office in 2010. In just two years, the…

Toffee Factory, Newcastle

Opened in December 2011, Toffee Factory began development in 2009 when Creative Space Management was appointed to undertake a preliminary feasibility study. The company undertook further detailed business planning,…

Round Foundry Media Centre, Leeds

Creative Space Management currently delivers a contract to manage the Round Foundry Media Centre in Leeds on behalf of Leeds City Council. The building provides grow-on workspace for small…