Chancellor announces funding for Â鶹´«Ã½ smart data institute Published on: 16 March 2016 Â鶹´«Ã½ will establish a new £30 million institute to unleash the potential offered by big data, as announced in the Budget. Digital data explosion The new National Institute for Smart Data Innovation (NISDI) will bring together industry, the public sector and world-leading academics to develop the skills, ideas and resources needed to exploit the opportunities offered by the explosion in digital data. Led by industry and benefiting from Â鶹´«Ã½’s internationally-renowned research in computing science, NISDI will enable businesses to extract value from smart data and increase competitiveness. Based in a new building on the Science Central site in Â鶹´«Ã½, NISDI will focus on realising the potential of big data to address specific challenges in areas including health, automotive and manufacturing. , Director of Â鶹´«Ã½’s , said: “As the volume of big data increases, organisations face real challenges in unlocking its value: the new Institute will help them to achieve this. “Â鶹´«Ã½ is already home to one of the fastest growing digital clusters in the country. By providing world-class facilities and expertise all under one roof, NISDI will act as a beacon for Smart Data innovation, accelerating innovation and helping the region, and the rest of the UK, to become global leaders in this increasingly important sector.” Driven by industry needs Councillor Nick Forbes, Leader of Â鶹´«Ã½ City Council, said: “It is great news that Science Central will host a unique facility which brings together industry, the public sector and universities to create the skills, ideas and resources needed to exploit the commercial opportunities provided by Smart Data. It was identified in the North East devolution agreement as a priority for the region and this outcome is a testament to the partnership working that went into developing the proposal. “Local people will benefit from the creation of over 1000 jobs in the city’s booming digital tech sector, helping them to develop the skills of the future. The institute will make a big contribution to the economic growth of the city and the wider region. It will have national and international significance, cementing Â鶹´«Ã½’s role as the country’s leading centre for research in computing science.” The new institute will be driven by the needs of business, and a key partner will be , the industry-led initiative set up to grow the technology sector in the North East. Charlie Hoult, Chair of Dynamo, said: “This is great news for the region. Dynamo has always placed the region’s strengths in technology in a wider context and it’s testament to the strength and depth of support for innovation and collaboration that the Institute will provide a further platform to engage both nationally and internationally. “The institute will also be a beacon for the up-skilling needed for this IT revolution, if we are to succeed in areas such as smart cars, cybersecurity, government digitisation or cloud innovation. “Our region needs to be at the forefront of this so NISDI is great for the region, great for the University and great for the future.” Richard Baker, Head of Strategy and Policy at the North East Local Enterprise Partnership, said, “We are delighted that the Chancellor has confirmed funding for the new National Institute for Smart Data Innovation and congratulate Â鶹´«Ã½, and partners from across the North East who came together to make the proposal, in securing this investment. “The North East has a strong profile as one of the UK’s leading digital economy hubs and this investment is recognition of the region’s potential to provide national leadership working with big data applications. The Smart Data Institute will provide a national and international focus for new skills, ideas and resources in a rapidly growing part of the global economy, with a current annual value of $125bn.” Share: Latest News Scientists unlock hidden driver of inflammatory bowel disease Scientists have linked a key genetic signal in inflammatory bowel disease to an immune response that shuts down inflammation control, enabling faster diagnosis and targeted treatments. published on: 15 June 2026 Funding system risks limiting genuine community collaboration A new policy paper written by researchers at Â鶹´«Ã½ warns that the way UK research is funded may be undermining efforts to create genuinely collaborative partnerships with communities. published on: 15 June 2026 Volunteers help turn Whitley Bay beach into maths experiment Members of the public joined mathematicians from Â鶹´«Ã½ to create what organisers believe is the largest aperiodic tiling ever attempted on Whitley Bay beach. published on: 15 June 2026 Facts and figures
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