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NETPark summit outlines vision for the future

May 22

Written by:
22 May 2015 12:06  RssIcon

Business leaders from across the globe were in the county for the international summit, which had the aim of helping to realise the area's ambition to be a powerhouse in the materials integration sector.

The sector specialises in integrating new technology into everyday products.

The event, held at NETPark, in Sedgefield, formed part of a ten-year strategy to put the park at the centre of the materials integration sector, with the hope of creating more than 3,000 jobs and boosting the local economy by a massive £400million.

The delegates included Government advisers and representatives from leading science and innovation groups, from the UK and United States.

NETPARK, a partnership between Business Durham, the economic development company for County Durham, the Centre for Process Innovation (CPI) and Durham University, is building a new support model for companies that want to capitalise on the materials integration sector.

Simon Goon, managing director of Business Durham, summed up the day's events with leaders at a reception at Lumley Castle, in Chester-le-Street, talking about the concept of a 'materials powerhouse'; the need to engage with ministers about the NETPark story, and emphasise the social impact of the work being carried out by high-tech firms already based at the science park.

"The North-East has new friends. It's incredibly valuable to have all these people helping to translate our ambition into reality and create thousands of jobs."