Our Economic Contribution
Durham University not only generates a substantial economic benefit for the UK economy as a whole but is also an important driver of economic and cultural development at a local and regional levelBiGGAR Economics
Case Study: NETPark
Opened in Sedgefield, County Durham, in July 2004, NETPark is now North East England’s premier location for science, engineering and technology research and development and one of the UK’s most prestigious Science Parks.
Durham University has been central to its success. In the words of Simon Goon, Managing Director of Business Durham, which develops, manages and promotes NETPark: “Durham University commissioned the first building at NETPark, the NETPark Research Institute, which was constructed alongside the NETPark Incubator. One of the first tenants of the Incubator was a Durham University spin out, now Kromek PLC, so the University has always been an integral part of NETPark’s success.”
Its founding inspiration came from a University professor; its first building was the NETPark Research Institute, commissioned by the University; and today it is home to the University’s Centre for Advanced Instrumentation.